Veriheal

OCTOBER 18, 2021

With 19 states currently selling recreational cannabis, it may be tempting to forgo a medical card, even if you qualify as a patient. While recreational marijuana is accessible in many states for those of age, there are still some benefits to having a medical marijuana card and purchasing medical marijuana instead of recreational pot.

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Canna Law Blog

FEBRUARY 27, 2019

Six years after it was initially introduced, the House Financial Services Committee released the latest draft legislation that would create a “safe harbor” for banks to serve the rapidly expanding cannabis industry on February 7, 2019. Specifies how businesses on tribal land could qualify; and.

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MassRoots

AUGUST 3, 2020

New laws expanding the medical marijuana program in Louisiana went into effect on August 1. The state’s medical marijuana program has been criticized for being too limited and too restrictive since the program was established in 2016, but the three laws that went into effect on Saturday aim to improve the situation. House Bill 819.

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Cannabis Law Report

OCTOBER 7, 2021

Read my op-Ed on Marijuana Banking [link]. At Marijuana Moment – Here’s the introduction. Most experts agree the ultimate legalization of marijuana at the federal level is a foregone conclusion—at this point it’s a matter of when, not if. — Rodney E. Hood (@Rodney_e_hood) October 8, 2021. By Rodney E.

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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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Cannabis Law Report

JUNE 14, 2023

Marijuana Currently, 31 states plus the District of Columbia allow the recreational use of marijuana. In addition, 37 states and the District of Columbia currently allow marijuana to be used for medical purposes. Mark Belongia, Timothy Sullivan Hinshaw & Culbertson LLP I.

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Veriheal

OCTOBER 22, 2021

Most New Yorkers can now safely indulge in cannabis without fear of being fired, Bank of America is under fire for closing the account of an authorized cannabis research institute, and proposed legislation could help Washington, D.C. finally see recreational cannabis sales. Let’s dive into this week’s cannanews.

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Cannabis Law Report

NOVEMBER 10, 2021

Virgin Islands sent a bipartisan letter urging Congress to include legislation in the final 2022 National Defense Authorization Act for Fiscal Year 2022 that would allow states with legalized medical or adult-use cannabis to operate safely under the national banking system. . Medical and recreational cannabis sales in the U.S.

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Cannabis Law Report

DECEMBER 7, 2021

Congress is making another run at providing a safe harbor to the banking industry and companies that provide services to cannabis businesses. Members of Congress have introduced the SAFE Banking Act or similar legislation in prior Congresses. Arnold & Porter. credit card companies). Protect all service providers (e.g.,

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Veriheal

SEPTEMBER 14, 2020

Could Cannabis be Pennsylvania’s Saving Grace? Lawmakers are looking at ways to increase the state’s revenue, and to no surprise, some suggest legalizing recreational cannabis. Tom Wolf is one of those lawmakers who is pushing for the legalization of recreational cannabis. Pennsylvania Gov.

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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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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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The Blunt Truth

JUNE 13, 2022

It has already been a busy year for marijuana law! Catch up on key legislative, regulatory, and legal developments affecting the manufacture, distribution, sale, and use of marijuana occurring in 2022, including key decisions and regulatory material. Governor Daniel McKee signed the Rhode Island Cannabis Act. Development.

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MassRoots

AUGUST 4, 2020

The California Cannabis Industry Association (CCIA) is calling for cannabis businesses to join them in imploring Speaker Pelosi to prioritize the Secure and Fair Enforcement Banking Act (SAFE Banking Act). What is the SAFE Banking Act? The cutoff time of today, August 4 at 5 pm is quickly approaching.

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Veriheal

JANUARY 12, 2022

have been unable to purchase some cannabis-associated securities. The news, which was officially announced in a letter, confirmed that the bank would no longer be granting new acquisitions or “short” positions in cannabis-focused businesses. Cannabis’ Illegal Status Makes It Tricky for Banks to Offer Services.

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NORML

OCTOBER 15, 2019

NORML Canada launches official Post-Legalization platform to focus advocacy efforts on reforming Canada’s legal Cannabis system. Our goal is to ensure consumers have ease of access to legal cannabis products, access to medical dispensaries, access to world-class product options, as well as access to affordable legal options.

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NORML

FEBRUARY 27, 2019

As the tentacles of the federal policy of cannabis prohibition run deep into nearly every sector of American public policy, a new voice emerged to call for clarity regarding state-legal cannabis marketplaces: Federal Reserve Chair Jerome Powell. Cannabis businesses ought to be held to the same standards as other commercial enterprises.

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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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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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Cannabis Law Report

JULY 20, 2019

The banks actions will mean somebody at the FDIC will have to make some serious decisions that could lead to a number of ramifications for the cannabis sector not only in CA but also nationwide. A small California bank’s merger application could force the FDIC to take a firmer stand on marijuana banking.

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The Blunt Truth

MAY 21, 2020

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. The news getting the most attention this week is the reopening of Massachusetts’ recreational marijuana shops, scheduled for May 25. Recreational shops, however, had to close. cannabis banking.

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Cannabis Law Report

JUNE 22, 2019

PUBLISHER: CANNABIS LAW REPORT. Will hemp taint your banking relationship? . Many have setup legal entities and registered under their states’ regulatory programs as permitted growers but have hit a hurdle that most new businesses hop right over: opening a bank account. . AUTHOR: Shane Eloe.

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The Blunt Truth

MAY 28, 2020

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. Oklahoma is having some medical marijuana issues. Massachusetts recreational shops reopened. Virginia decriminalized marijuana. Ohio may not put cannabis on the ballot this November. virginia.

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Cannabis Law Report

JULY 2, 2019

The world of marijuana banking has been rife with compliance risks for years. While marijuana is still illegal federally, many states have legalized marijuana for medical and recreational use. Bank Secrecy Act Compliance. Eide Bailly LLP. The Limited SAR, the Priority SAR, and the Termination SAR.

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Cannabis Law Report

JUNE 9, 2021

The ever evolving cannabis industry has experienced major developments in 2021 and the trend is expected to continue. states have legalized recreational cannabis use, Mexico has taken a big step towards legalization setting itself up to become the largest legal cannabis market in the world, and two pieces of U.S.

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Cannabis Law Report

MAY 21, 2019

Marijuana Moment reports. Lacking banking services, many legal cannabis businesses operate solely in cash,” it says. This was an ongoing, thoughtful conversation the Association has been having for the last two years,” Read told Marijuana Moment. State Treasurers Group Endorses Marijuana Banking Legislation.

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Cannabis Life Network

APRIL 2, 2019

The post Hobo Recreational Cannabis Store – Retail Cannabis Officially Hits Ontario appeared first on Cannabis News | Marijuana News | Medical Cannabis News.

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The Blunt Truth

MARCH 12, 2020

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. In other federal action, the House Veterans Affairs Committee passed two bills related to medical marijuana. One allows doctors at VA hospitals to prescribe medical cannabis in states where it is legal. STATE NEWS.

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Cannabis Law Report

JULY 25, 2022

29 will start accepting applications from “responsible officials” for the island’s recreational cannabis industry, which is the first step before cannabis businesses and their employees can be licensed and permitted to operate. 29, which is when Guam law requires the government to start accepting cannabis industry applications.

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Cannabis Law Report

MARCH 24, 2020

Wellness Connection filed a lawsuit in federal court Friday against the Maine department that oversees marijuana policy, claiming that residency restrictions on owners of recreational cannabis businesses violate the U.S. He said that because marijuana is illegal on a federal level, banks cannot provide loans.

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Cannabis Law Report

NOVEMBER 2, 2021

cannabis-related securities beginning Nov. The move follows similar actions by other banks, including Credit Suisse , after the high-profile collapse of private fund Archegos Capital this year left several banks nursing losses. federal law, making it risky for banks to deal with cannabis-related businesses.

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Veriheal

OCTOBER 30, 2023

In 2018, the leaders of 19 Caribbean nations decided that they would “review marijuana’s current status with a view to reclassification” The leaders emphasized the importance of these cannabis legalization bills as a tool for social justice and economic gain. Recently, The Bahamas’ made good on that 2018 promise.

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The Blunt Truth

MARCH 28, 2019

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. No news is big news this week, as New Jersey failed to pass legislation legalizing recreational marijuana. And in West Virginia , the governor has signed a medical marijuana banking bill.

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Cannabis Life Network

AUGUST 27, 2022

Is cannabis recession-proof? During the last major recession in 2008 and 2009, the legal cannabis industry didn’t exist. Canada didn’t have a recreational sector until 2018. The post Is Cannabis Recession-Proof? appeared first on Cannabis | Weed | Marijuana | News.

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Cannabis Law Report

JUNE 13, 2022

It has already been a busy year for marijuana law! Catch up on key legislative, regulatory, and legal developments affecting the manufacture, distribution, sale, and use of marijuana occurring in 2022, including key decisions and regulatory material. Governor Daniel McKee signed the Rhode Island Cannabis Act. Development.

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Canna Law Blog

MARCH 27, 2022

Real estate is on the forefront of many people’s minds with New York on the doorstep of adult-use cannabis applications. We have fielded lots of calls from prospective adult-use cannabis applicants starting to search for real estate. Why the landlord’s mortgage is relevant for a cannabis lessee.

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Cannabis Law Report

SEPTEMBER 24, 2019

As early as September 23, 2019, the United States House of Representatives is expected to vote on the widely anticipated Secure and Fair Enforcement (SAFE) Banking Act. Today’s cannabis industry encompasses the growth, processing, distribution, and other ancillary services related to both hemp and marijuana.

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