Cannabis Law Report

AUGUST 17, 2022

Drug Enforcement and Policy Center, August, 2022. According to its sponsors and supporters, the Safe and Fair Enforcement (‘SAFE’) Banking Act would help address the challenges faced by small cannabis businesses that cannot currently access banking services or loans. Ohio State Legal Studies Research Paper No.

Banking 98

Banking Access Research and Development Compliance 98

NORML

JULY 17, 2019

Members of the United States Senate Committee on Banking, Housing, and Urban Affairs are scheduled to hear testimony next week regarding the need to provide greater access to financial services for state-licensed marijuana-related businesses. ” (Read NORML’s full testimony here.).

Banking 192

Banking Marijuana Access Legislation 192

NORML

APRIL 12, 2023

Highlights include: AR, CA, CO, ME, MD, MO, NH, PA, SC, and TX The post State Policy Weekly Update 4/12/2023 appeared first on NORML.

Policy 193

Policy Access Consumption Banking 193

NORML

SEPTEMBER 21, 2021

NORML maintains that the NDAA is an appropriate vehicle for the SAFE banking provisions. According to the American Legion, nearly 1 in 4 veterans report consuming cannabis. The post NORML Sends Letter In Support Of The SAFE Banking Act Being Attached To The NDAA appeared first on NORML.

Banking 200

Banking Policy Cannabis 200

NORML

MARCH 8, 2019

A bipartisan coalition of more than 100 co-sponsors has reintroduced legislation in Congress, The Secure and Fair Enforcement Banking Act (SAFE Banking Act), HR 1595 , to allow state-licensed marijuana-related businesses to engage freely in relationships with banks and other financial institutions. This situation is untenable.

Banking 182

Banking Access Business Safety 182

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 Department of Justice on “Marijuana Related Financial Crimes” was rescinded in 2018 , the FinCen Memo has been the only game in town for federal banking guidance.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.

Banking 98

Banking Business Marijuana Hydroponic 98

Cannabis Law Report

AUGUST 20, 2022

CRCC’s paper, published by the Ohio State University (OSU) Moritz College of Law, is titled “Not a SAFE Bet: Equitable Access to Cannabis Banking, An Analysis of the SAFE Banking Act.”. Drug Enforcement and Policy Center, August, 2022. Alcoholic Beverage Control Board and Treasurer, Cannabis Regulators of Color Coalition.

Banking 52

Banking Access Research and Development Policy 52

Cannabis Law Report

APRIL 8, 2023

The National Cannabis Policy Summit’s Congressional Forum convenes cannabis advocates, patients, business leaders and policy experts for an afternoon of keynote addresses and discussions featuring Members of Congress in the Capitol Visitors Center’s Congressional Auditorium.

Policy 52

Policy Events Banking Topical 52

Cannabis Law Report

MAY 19, 2022

Impacts include risks to public safety and security, impacts on governmental regulatory agency access to banking and depository services, and impacts on small and minority cannabis businesses. CANNRA+Banking+Letter_FINAL.

Banking 52

Banking Policy Safety Access 52

NORML

APRIL 1, 2020

Today, NORML and it’s national network of advocacy chapters released a memo to state lawmakers, regulators, prosecutors, and other interested parties providing guidance for how they can take emergency actions to better promote the health and welfare of cannabis consumers and the general public during the COVID pandemic.

Policy 254

Policy Advocacy Safety Patients 254

Canna Law Blog

DECEMBER 1, 2022

As we’ve written about over the past several years, there have been consistent rallying cries for common-sense banking reform for the cannabis industry. The SAFE Banking Act, which would allow federally regulated financial institutions to work with state-legal cannabis businesses, has been passed by the U.S.

Banking 73

Banking Safety Access Legislation 73

Cannabis Law Report

JULY 1, 2021

Cannabis banking options are still quite limited for marijuana entrepreneurs, despite 36 states legalizing medical marijuana and 17 states permitting recreational adult use, according to the National Conference of State Legislatures. Are there cannabis-friendly banks? Compare 5 cannabis-friendly banks and credit unions.

Banking 110

Banking Compliance Compliance Business 110

Cannabis Law Report

MAY 10, 2023

The Cannabis Regulators Association (CANNRA) commends Congress for their bipartisan work on legislation to provide banking and financial services for the regulated cannabis industry and those who work with the industry. territories.

Banking 52

Banking Policy Legislation Cannabis 52

Cannabis Law Report

FEBRUARY 9, 2022

Well worth a read if you want to catch up on the state of British banking for cannabis / hemp products… it’s not good! Banks, insurance companies and payment providers are refusing to work with cannabis-related companies throughout the UK, hampering the growth of the industry and leaving many in financial limbo.

Banking 59

Banking Business Media Access 59

NORML

AUGUST 19, 2019

How will it work, and what will it do for cannabis consumers, pot convicts, and the burgeoning gray-market industry? Currently, public support for legalizing weed nationwide is at an all-time high: 62 percent of Americans favor legalizing the adult use of marijuana, while over 90 percent want access to medical cannabis.

Policy 275

Policy Marijuana Legislation Programs 275

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.,

Banking 52

Banking Compliance Compliance Business 52

Canna Law Blog

MAY 26, 2019

Looks like marijuana banking is stuck, again. The banking associations from all 50 states and 1 U.S. territory sent a joint letter to leaders of the Senate Banking Committee on Monday, to urge advancement of bipartisan legislation that would protect financial institutions that service marijuana businesses.

Banking 91

Banking Marijuana Safety Legislation 91

Cannabis Law Report

JULY 1, 2022

Portland, OR. – Outdated federal barriers to banking services continue to severely impact the legal cannabis industry in Oregon and nationwide. While cannabis may be legal in Oregon, criminal enterprises are very aware of this impediment and target cannabis businesses. The OLCC Press Release.

Banking 52

Banking Business Access Safety 52

Cannabis Law Report

MARCH 5, 2020

Marijuana Moment reportsTreasury Secretary Steven Mnuchin said on Wednesday that he will not take administrative action to protect banks that service marijuana businesses from being penalized by federal regulators, stating that it’s up to Congress to resolve the problem. The conflict is a problem. Read the full Marijuana Moment piece at.

Banking 59

Banking Policy Business Marijuana 59

Canna Law Blog

FEBRUARY 13, 2020

Today I want to look at some policy exclusions to point out potentially problematic terms that you may notice when reviewing your insurance contract during your annual insurance audit. This results in many business owners meaning to read the contract but rarely getting beyond the coverage jacket on the first page of the policy.

Policy 77

Policy Events Business Cannabis 77

Cannabis Law Report

DECEMBER 27, 2021

The dispute dating from 2010 follows Scotiabank’s recall of a loan to a homeowner with a federal licence to grow medical cannabis. An 11-year dispute over whether banks can pull mortgages from marijuana users is finally headed to the Canadian Human Rights Tribunal, says Blacklock’s Reporter. The Western Standard reports.

Banking 52

Banking Policy Marijuana Law 52

Cannabis Law Report

DECEMBER 14, 2021

monetary banking protocols in banking cannabis and hemp operations. This honor is part of a financial services certification program overseen by the Policy Center for Public Health & Safety (PH&S) in collaboration with state attorneys general. ALBUQUERQUE, N.M. , Dec.

Banking 52

Banking Hemp Compliance Compliance 52

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.

Banking 137

Banking Policy Business Safety 137

Cannabis Law Report

OCTOBER 31, 2019

Law Firm Manatt, Phelps & Phillips, LLP writes… The Cannabis Banking Guidance from California’s Department of Business Oversight (DBO) offers California-chartered financial institutions serving cannabis-related businesses assurances that the DBO will not bring enforcement actions based solely on such relationships.

Banking 45

Banking Compliance Compliance Policy 45

Canna Law Blog

DECEMBER 24, 2019

Our firm represents a number of financial institutions and even a federal agency on banking state-legal cannabis. The number one question we have received lately is: “do you know a bank or credit union that will bank my hemp-CBD business?” And here’s why.

Banking 74

Banking Hemp CBD Cultivation 74

Cannabis Law Report

SEPTEMBER 22, 2021

Government Policy Analyst to Specialize in Insights from the Intersection of Washington and Wall Street. NEW YORK–(BUSINESS WIRE)– BTIG announced today that the firm has hired Isaac Boltansky as a Managing Director and the Director of Policy Research.

Policy 52

Policy Banking Media Access 52

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.

Banking 45

Banking Business Legalization Marijuana 45

Cannabis Law Report

OCTOBER 5, 2021

It’s been a busy few weeks in Washington DC for cannabis : the House Judiciary Committee approved the MORE Act, the SAFE Banking Act got attached to the National Defense Authorization Act, and Senators Schumer, Wyden, and Booker are still garnering support for the Cannabis Administration & Opportunity Act.

Banking 52

Banking Digestion Legislation Sleep 52

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.

Banking 91

Banking Marijuana Legislation Business 91

Cannabis Chronicles

FEBRUARY 4, 2019

America’s cannabis companies are racing to build national brands and market their wares to mainstream consumers. The public has a stigmatized view of the product but legitimate business owners can’t reach them; it creates mistrust,” says Kyle Porter, who runs CMW Media, which does marketing and public relations for cannabis companies.

Policy 154

Policy Media Vaping Edibles 154

Cannabis Law Report

MAY 8, 2020

A group of cannabis advocacy and industry organizations sent a letter to Congress today urging lawmakers to include the Secure and Fair Enforcement (SAFE) Banking … Read More.

Banking 49

Banking Advocacy Packaging Policy 49

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.

Banking 66

Banking Legislation Safety Dispensary 66

Cannabis Law Report

SEPTEMBER 16, 2021

House lawmakers have introduced a series of drug policy-related amendments to defense legislation, including proposals to facilitate research on the benefits of psychedelics for active duty military personnel and to protect banks that service state-legal marijuana businesses. Marijuana Moment reports. Read full report.

Banking 52

Banking Clinical Trials Chronic Pain Marijuana 52

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.

Banking 98

Banking Dispensary Cannabis Recreational 98

Burns Levinson (Cannabusiness advisory)

APRIL 20, 2022

Today, our team is celebrating by gearing up for two exciting events hosted by Burns & Levinson featuring experts and cannabis marketplace pros from across the industry. Permissible Payments in Cannabis. Cashless ATMs are a popular method of payment for consumer cannabis purchases. CannaBusiness Advisory Webinar.

Events 89

Events Law Business Banking 89

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.

Banking 53

Banking Dispensary Safety Seed-To-Sale 53

Cannabis Law Report

AUGUST 20, 2019

America’s state legislators come together at ALEC to grapple with public policy issues that didn’t exist five or ten years ago. Legislators and attendees at this solutions-first meeting will consider 25 model policies on free enterprise and individual liberty in the states. People live and work differently than in years past.

Policy 59

Policy Legislation Research and Development Banking 59