Cannabis Law Report

DECEMBER 1, 2021

Most consumer cannabis transactions are done in cash, legal or not. Since the United States classifies cannabis as a Title IV drug, the banking industry is unwilling and unable to provide services to cannabis operations. The company will issue and process credit cards that will work in dispensaries.

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Banking Dispensary Wellness and Beauty Retail 52

Canna Law Blog

FEBRUARY 28, 2022

Guidance on banking and MRBs. I’ve written that in cannabis years, the FinCen Memo is as old as dirt and reads like a relic of a bygone era. Department of Justice on “Marijuana Related Financial Crimes” was rescinded in 2018 , the FinCen Memo has been the only game in town for federal banking guidance. Allow me to explain.

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Banking Business Marijuana Hydroponic 98

Illinois News Joint

APRIL 30, 2023

Check our Dispensary Directory for more information. The retail store donates to various food banks and local charities throughout the year and was 2022 C-U Pride Parade Winner. For more Dispensary Spotlight Features, visit here. For more Illinois cannabis industry news, visit here. Thursday to Saturday from10 a.m.-9

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Dispensary Retail Banking Patients 79

Illinois News Joint

JANUARY 23, 2023

For a live menu, click here , or check our Dispensary Directory for more information about Maribis of Chicago Westchester. Maribis is an independent and female-owned cannabis company with dispensaries located in northern and central Illinois. For more Dispensary Spotlight Features, visit here. Westchesterr Ave.

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Dispensary Events Food Banking 86

Illinois News Joint

MARCH 1, 2023

For a live menu, click here , or check our Dispensary Directory for more information about the retail store. For more Dispensary Spotlight Features, visit here. Maribis is an independent and female-owned cannabis company with dispensaries located in northern and central Illinois. East, Grandview, Illinois.

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Dispensary Retail Events Food 80

Cannabis Law Report

JULY 26, 2021

Cannabis merchants partnering with RocketFuel will benefit from low transaction fees and complete payment security. RocketFuel will be compliant with FinCEN guidance on providing financial services to the cannabis industry. Tweet this. About RocketFuel Blockchain, Inc.

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Dispensary Banking Events Cannabis 105

Cannabis Law Report

JUNE 10, 2020

March 13 2020 Tulsa world reported… A Tulsa-area dispensary faces a federal lawsuit from Bank of Oklahoma alleging trademark infringement. In a Wednesday filing in … Read More.

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Banking Dispensary Law Cannabis 113

WeedAdvisor

OCTOBER 11, 2019

The Canadian cannabis industry is being treated like its U.S. While the SAFE Banking Act makes its way through the legislative process in the U.S., banks remain nervous about involving themselves in the industry. Dispensaries Deemed “High Risk”. . None of them want to deal with the cannabis industry.

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Banking Dispensary Legislation Business 66

Veriheal

MARCH 23, 2021

Jim Patterson, the former head of the Eaze cannabis delivery company , has pleaded guilty to committing bank fraud while he was still active as CEO. The scheme was designed to disguise the purchases so as to create the impression that they were unrelated to the purchase of cannabis. Why Commit Bank Fraud?

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Banking Business Dispensary Cannabis 52

Cannabis Law Report

DECEMBER 2, 2021

Treasury Secretary Janet Yellen said she supports allowing legal cannabis dispensaries to access the US banking system — where they’re now largely barred — to make it easier for the government to collect tax revenue. Yes, of course it would,” the Treasury secretary replied.

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Collective Banking Access Dispensary 52

Cannabis Law Report

JULY 26, 2021

RocketFuel (OTC: RKFL) (“RocketFuel” or the “Company”), a global provider of one-click online payment options using Bitcoin and 50+ other cryptocurrencies, today announced that it will be making its payment solution available to be used by licensed cannabis dispensaries and merchants. About RocketFuel Blockchain, Inc.

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Dispensary Banking Access Data 105

Cannabis Law Report

JULY 8, 2021

Cannabis stocks have taken a beating in the second quarter, so investors are hoping that valuations will recover in the back half of the year. Despite the downturn in stock valuations, the MJ cannabis ETF has seen a return for the first six months of 2021 that has exceeded 40%. In the U.S.,

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Banking Cannabis Legalization Dispensary 111

Veriheal

AUGUST 14, 2023

In a recent controversial move, Mastercard issued a directive to United States banks, ordering them to block cannabis purchases on its debit cards. For years, most major credit cards have prohibited cannabis purchases with minimal public outcry. However, this rigid federal stance contrasts starkly with state-level policies.

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Banking Dispensary Cannabis Recreational 98

MassRoots

JULY 28, 2020

One of the most important pieces of cannabis related legislation, the Secure and Fair Enforcement Banking Act ( SAFE Banking Act ), has the chance to be included in the next round of COVID-19 relief legislation in the United States. Tell them to support the inclusion of the SAFE Banking Act. Don’t wait.

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Banking Legislation Business Programs 66

Greenspoon Marder Cannabis Law Group Blog

MARCH 28, 2019

By: Rachel Gillette , Partner and Cannabis Law Practice Chair. The House Financial Services Committee yesterday approved legislation that would help financial institutions serve cannabis businesses operating in legalized states. The SAFE Banking Act is sponsored by Reps. Ed Perlmutter (D-Colo.) and Denny Heck (D-Wash.)

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Banking Business Legislation History 40

PrestoDoctor

APRIL 26, 2021

One option is buying from a local dispensary, but ordering online will give you access to many more options. . The range of seeds available at a local dispensary could be limited and ordering online will usually extend your range of choices greatly. Often known as the original seed bank and well known in the market.

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Banking Cultivation Seed-To-Sale Marijuana 52

PrestoDoctor

APRIL 26, 2021

One option is buying from a local dispensary, but ordering online will give you access to many more options. . The range of seeds available at a local dispensary could be limited and ordering online will usually extend your range of choices greatly. Often known as the original seed bank and well known in the market.

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Banking Cultivation Seed-To-Sale Marijuana 52

Cannabis Life Network

APRIL 6, 2020

TORONTO — Devastated bars and lounges, as well as the country’s hard-hit cannabis sector, will finally have access to $40 billion in new credit being made available via the government’s business bank during the COVID-19 crisis, its CEO said on Sunday.

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Banking Programs Access Business 61

SpeedWeed

FEBRUARY 15, 2019

Six years after introducing the Secure and Fair Enforcement (SAFE) Banking Act, a cannabis banking reform measure, co-author Denny Heck finally saw it enjoy its first committee hearing in Congress on Wednesday. Here’s How Cannabis Companies Are Banking Legally on the Down Low. Heck and Rep. RELATED STORY.

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Banking Dispensary Safety Seed-To-Sale 53

Cannabis Law Report

MARCH 4, 2022

Dispensaries are becoming more common and this is good news for anyone who is thinking about going into the marijuana business, but for the U.S. economic impact from cannabis sales is expected to reach $160 billion in 2025 and it’s expected that even more states will legalize the substance in the near future. economy as well.

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Dispensary Marijuana Banking Business 59

WeedAdvisor

MAY 22, 2019

Banking and the cannabis industry have a somewhat hands-off relationship. banks are skittish about doing business with dispensaries in legal states. With cannabis still being illegal on a federal level, financial institutions fear reprisals. SAFE Banking Act of 2019”) to protect banks against such prosecution.

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Banking Business Legalization Marijuana 45

NORML

AUGUST 30, 2019

The establishment of regulated cannabis retailers is associated with a decrease in localized criminal activity, according to data published in the journal Regional Science and Urban Economics. ” The majority of crime reduction is due to a decrease in non-violent criminal activity. .”

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Retail Dispensary Banking Data 181

Cannabis Law Report

JUNE 21, 2021

Here’s their letter to the Chair and Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee. MERKLEY, DAINES URGE COLLEAGUES TO BUILD PATHWAY FORWARD FOR BIPARTISAN LEGISLATION TO ENSURE THAT LEGAL CANNABIS BUSINESSES CAN ACCESS CRUCIAL FINANCIAL SERVICES. Thursday, June 17, 2021. Washington, D.C.

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Banking Legislation Safety Dispensary 66

Cannabis Law Report

JUNE 22, 2021

Many legal cannabis businesses are forced to be cash-only, leaving them vulnerable to burglaries, robberies, and violent crimes.

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Banking Dispensary Business Cannabis 66

The Joint Blog

MAY 17, 2020

Included in the language of the bill, according to NORML, is HR 1595: The SAFE Banking Act, which amends federal law so that explicitly banks and other financial institutions may work directly with state-legal marijuana businesses. In the majority of states, these cannabis businesses have been deemed essential during this pandemic.

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Packaging Banking Business Legislation 52

Greenspoon Marder Cannabis Law Group Blog

AUGUST 26, 2019

The guidance offers reassurance to credit unions following the 2018 Farm Bill, which federally legalized hemp, but failed to address banking in the hemp industry, leaving the banking industry uncertain as to their capacity to legally serve the industry. I’ve seen dispensary employees have their bank accounts shut down.

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Banking Hemp Marijuana Events 40

Greenspoon Marder Cannabis Law Group Blog

JULY 26, 2019

On Tuesday July 23, 2019, the United States Senate Committee on Banking, Housing, and Urban Affairs hosted a hearing to discuss national safety implications relating to federal regulations that force cannabis businesses to operate on a cash basis. This problem doesn’t just affect the cannabis industry.

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Banking Cannabis Business Safety 40

Kind Meds (Cannabis Education Blog)

MARCH 25, 2022

Whether it’s your first time going to any kind of dispensary or you’re a seasoned professional who’s new to the Arizona cannabis scene, visiting a new dispensary can be intimidating. That’s why our team at Kind Meds set out to make this Arizona dispensary guide for any newcomers looking to purchase cannabis here.

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Dispensary Edibles Strains Vaping 52

Canna Law Blog

MARCH 13, 2024

Although cannabis remains illegal at the federal level, many states and municipalities have loosened their regulations. As of early 2023, 37 states have approved medical cannabis use by qualified individuals, and 21 states have approved it for recreational use. The edible market alone is projected to grow by $25.27

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Business Supply Chain Dispensary Edibles 81

WeedAdvisor

OCTOBER 1, 2019

The Secure and Fair Enforcement Banking Act gained serious traction in recent months, recently passing by an overwhelming majority in the House. But while the SAFE Banking Act could be a huge boon for dispensaries in legal states, The Financial Post warns of potential negative effects on the Canadian marijuana industry.

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Banking Packaging Education Consumption 49

WeedAdvisor

FEBRUARY 20, 2019

Banks Pushing for Access to Legal Marijuana Industry. In yet another unprecedented leap forward, United States banks are asking Congress to protect them from federal prosecution over dealing with legal marijuana businesses, according to U.S. This creates a problem for banks. Limitations for Cannabis Businesses.

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Banking Access Legalization Marijuana 40

Cannabis Law Report

JULY 25, 2022

Beyond Hello™ Alexandria Will Open its Doors, Broadening Patient Access to Medical Cannabis Products. As of July 1st, Medical Cannabis Patients Are No Longer Required to Register With the Virginia Board of Pharmacy. Commonwealth of Virginia Modernizes Medical Cannabis Program. On Wednesday, July 27th, at 10:00 a.m.,

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Retail Dispensary Patients Access 52

SMPL

MAY 21, 2020

Louisiana lawmakers advanced three marijuana reform bills on Wednesday, and that includes legislation that would dramatically expand the state’s medical cannabis program and offer protections for banks that service marijuana businesses. Another bill introduced by Rep. Larry Bagley (R), withdrew it.

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Banking Marijuana Legislation Patients 40

Canna Law Blog

APRIL 21, 2023

In an era of Theranos, Fyre Fest, FTX and WeWork, cannabis scams, frauds, and scandals probably pale in comparison. However, cannabis scams (and their evolution) are still worth noting, spotting, and avoiding at all costs. And since the cannabis economy is getting incredibly lean, scams are back on the rise.

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Banking Cannabis Business Dispensary 67

Veriheal

JULY 2, 2020

Louisiana has had a medical cannabis program for many years. However, for patients to qualify for access to medical cannabis, they must have received a diagnosis of at least one of the 14 qualifying conditions that were initially approved under the initial law. The Bill as Passed. Now that the bill has been signed, as of August 1 st.,

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Banking Programs Therapy Conditions 52

Cannabis Law Report

OCTOBER 21, 2022

According to a recent article from Upstate New York, the state of New York is confronting an issue commonly faced in the state-legal cannabis industry, a lack of banking options.

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Dispensary Banking Conditions Legalization 59

Veriheal

FEBRUARY 18, 2022

If passed, the bill would add a year to the prison sentence of those convicted of first- or second-degree robbery of a cannabis retailer. Per the bills supporter’s, the measure will help protect Washington’s cannabis retailers, which have been hit by a growing number of robberies. During the hearing, U.S. Ed Perlmutter?

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Dispensary Policy Retail Safety 98