Cannabis Law Report

AUGUST 17, 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. Clarify that cannabis criminal records are not an automatic red flag. SSRN-id4188072.

Banking 98

Banking Access Research and Development Compliance 98

Medical Marijuana Program Connection

AUGUST 15, 2023

SAN FRANCISCO–(BUSINESS WIRE)–TASI ® Bank, which has provided more than $20 million in financial support to segments of the California. Read More

Banking 52

Banking Programs Business Cannabis 52

Cannabis Law Report

AUGUST 5, 2021

Here’s the press release… National Law Journal’s 2020 Cannabis Trailblazer Katrina Skinner to Help Lead Company’s Legal Matters and Expansion into Banking, Financial and Payment-Related Services and Solutions for Cannabis Businesses and Related-Banking and Financial Sectors.

Banking 111

Banking Compliance Compliance Law 111

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.

Banking 61

Banking Programs Access Business 61

Cannabis Law Report

JULY 23, 2020

Expanding on its hemp exchange, cryptocurrency and cooperative farming program, Swissx is offering microloans for land and equipment in the Golden State Malibu, CA, July … Read More.

Programs 86

Programs Banking Hemp Cannabis 86

Illinois News Joint

MAY 4, 2023

When I founded Illinois News Joint , I made a conscious choice to include an altruistic aspect to the publication but for the first year could not decide on a program that fit what we do. I collaborated with partners, built recourses, and officially launched the program in April 2022. For Illinois News Joint reviews, click here.

Programs 86

Programs Banking Media Medicine 86

Cannabis Law Report

SEPTEMBER 28, 2021

National Law Journal’s 2020 Cannabis Trailblazer Katrina Skinner to Help Lead Company’s Legal Matters and Expansion into Banking, Financial and Payment-Related Services and Solutions for Cannabis Businesses and Related-Banking and Financial Sectors. Says the headline. Here’s the full press release.

Banking 98

Banking Compliance Compliance Law 98

Canna Law Blog

AUGUST 17, 2023

Oregon’s governor recently vetoed an effort to create a state bank for marijuana businesses, in another blow to the struggling industry. The lack of consistent, equitable access to banking has been recurring issue for Oregon marijuana businesses and those in other states.

Banking 52

Banking Marijuana Legislation Business 52

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.

Banking 52

Banking Programs Therapy Conditions 52

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.”. Distinguished Cannabis Policy Practitioner in Residence, Drug Enforcement and Policy Center, Moritz College of Law, The Ohio State University.

Banking 52

Banking Access Research and Development Policy 52

Cannabis Law Report

AUGUST 12, 2021

The 14 people who will oversee Alabama’s new medical marijuana program will gather for the first time Thursday. The Alabama Medical Cannabis Commission, created by legislation that passed in May, will meet at 1 p.m. The panel faces several deadlines to set up the rules to launch what will be a fully intrastate program.

Programs 105

Programs Seed-To-Sale Agriculture Legislation 105

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.

Banking 66

Banking Legislation Business Programs 66

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.

Banking 52

Banking Access Business Programs 52

Canna Law Blog

APRIL 9, 2020

On March 31, 2020, Washington State Governor Jay Inslee signed HB 2870 , which “creates a new social equity program that provides business opportunities to people from disproportionately-harmed communities so they can benefit economically from the cannabis industry and become a cannabis retailer.”

Programs 90

Programs Retail Legislation Business 90

Cannabis Law Report

FEBRUARY 5, 2020

ARVADA – Governor Jared Polis and the Colorado Department of Regulatory Agencies (DORA) released a bold roadmap to provide clarity and guidance for state-chartered financial services industries that serve or seek to serve legal cannabis-related businesses. Roadmap to cannabis banking_January 2020. “As WATCH PRESS CONFERENCE.

Banking 69

Banking Safety Business Cannabis 69

SpeedWeed

MARCH 18, 2021

A Michigan credit union just got penalized for working with cannabis businesses, despite the fact that this is a gray area for financial institutions. . This is notable because it is thought to be the first time US regulators have publicly called out a financial institution for compliance issues connected to the cannabis industry.

Banking 52

Banking Compliance Compliance Access 52

Cannabis Law Report

OCTOBER 28, 2021

New mobile wallet app is the solution cannabis businesses have been waiting for. Wayne-based Valley National Bank, a subsidiary of Valley National Bancorp, is creating a new digital payment platform designed specifically for cannabis-related businesses. NJB News reports. ON OCT 27, 2021.

Banking 52

Banking Compliance Compliance Programs 52

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. There’s even a loyalty program. Tsang has a long history in the banking world.

Banking 52

Banking Dispensary Wellness and Beauty Retail 52

SpeedWeed

AUGUST 27, 2021

a vertically integrated, multi-state cannabis operator, announced that it has completed its previously announced acquisition of Franklin Bioscience OH, LLC, a licensed medical cannabis processor in Ohio. Jushi’s objective is for our brands and product offerings to not only meet but exceed cannabis consumers’ expectations.

Programs 52

Programs Banking Research and Development Patients 52

Cannabis Law Report

OCTOBER 26, 2021

New mobile wallet app is the solution cannabis businesses have been waiting for. NEW YORK–(BUSINESS WIRE)– Valley National Bank , a subsidiary of Valley National Bancorp (NASDAQ:VLY), announced today that it is creating a new digital payment platform designed specifically for cannabis-related businesses.

Banking 52

Banking Business Programs Compliance 52

Cannabis Law Report

SEPTEMBER 14, 2021

Abrigo, the leader of compliance, credit risk, and lending solutions for financial institutions, today announced its partnership with Green Check Verified (GCV), the top provider of cannabis banking solutions for financial institutions. Tweet this.

Banking 52

Banking Compliance Compliance Business 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

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

Cannabis Law Report

SEPTEMBER 30, 2021

.–(BUSINESS WIRE)– #cannabisbanking –NatureTrak, the leading compliance and risk management solution for financial institutions serving the cannabis industry, today announces its newest customer, Southwest Capital Bank.

Banking 52

Banking Compliance Compliance Business 52

Canna Law Blog

JULY 11, 2020

On Wednesday, July 8, 2020, a bipartisan group of sixteen state treasurers, led by Oregon Treasurer Tobias Read, sent a letter to congressional leaders requesting that the next piece of COVID-19 relief legislation include the SAFE Banking Act.

Banking 61

Banking Legislation Safety Business 61

Cannabis Law Report

JUNE 28, 2022

DENVER – June 23, 2022 – Denver Economic Development & Opportunity (DEDO) has launched a targeted entrepreneurial assistance program for aspiring cannabis business owners that is specifically designed to boost ownership among individuals disproportionately impacted by marijuana prohibition and enforcement. Hancock said.

Programs 52

Programs Access Business Banking 52

Cannabis Law Report

JUNE 1, 2022

Only three months – 90(ish) days – until the Alabama Medical Cannabis Commission is scheduled to begin accepting applications for licenses. For many, it feels like Alabama’s medical cannabis program has been a work in progress for years. These rules relate to the physician recommendation of medical cannabis. Elizabeth R.

Programs 52

Programs Banking Cultivation Patients 52

SpeedWeed

APRIL 2, 2021

The SAFE Banking Act is back in Congress, and political momentum is swinging in favor of the cannabis industry’s need to normalize its relations with financial institutions. Much of the work falls to the cannabis business, of course. We also started a national [cannabis] program back in 2017.

Banking 52

Banking Compliance Compliance Business 52

Canna Law Blog

NOVEMBER 8, 2023

I’ve been representing clients in California’s cannabis industry since 2018. Our firm has been representing businesses in the space for many years before that, in states with more mature licensing programs. DEA has not formally acted on the recommendation, and cannabis remains on Schedule I for now.

Legalization 93

Legalization DEA Banking Cannabis 93

The Blunt Truth

SEPTEMBER 29, 2023

The big news this week is that, for the first time ever, a cannabis bill, the SAFER Banking Act, got a markup in the Senate. Not everyone on Capitol Hill is in favor of federal cannabis legalization; there’s also a new bill that would give Congress the opportunity to prevent the rescheduling of cannabis.

Banking 93

Banking DEA Legislation Decriminalization 93

Cannabis Law Report

NOVEMBER 23, 2021

Alliance offers cannabis-related businesses and financial institutions a safer way to process transactions while creating new revenue opportunities. Electronic payment solutions give financial institutions the ability to create new non-interest income revenue streams as part of their cannabis banking programs.

Compliance 52

Compliance Compliance Banking Seed-To-Sale 52

Cannabis Law Report

JUNE 16, 2019

On May 13th New Jersey’s Department of Health (“DOH”) amended it Medicinal Marijuana Program Rules, N.J.A.C. Phil Murphy’s Executive Order #6 tasking the DOH with reviewing all Medicinal Marijuana Program (“Program”) aspects to expand access and eliminate bureaucratic barriers. 24:6I-1, Et.

Programs 77

Programs Chronic Pain Marijuana Conditions 77

The Blunt Truth

DECEMBER 9, 2021

It looks like marijuana banking will not be part of the NDAA. Medical cannabis could become part of veterans’ healthcare. Federal assistance with state expungement programs might be on the table. marijuana banking. medical cannabis for veterans. The chairs of the Congressional Cannabis Caucus want to change that.

Banking 115

Banking Food CBD Events 115

SpeedWeed

MARCH 7, 2021

Marijuana companies face mounting pressure from advocates, consumers and regulators to address the lack of diversity within the cannabis industry. In response, some companies have launched their own programs aimed at providing women and people of color with more opportunities to succeed in the space. Mentorship Programs.

Programs 52

Programs Seed-To-Sale Cannabis Business 52

Canna Law Blog

APRIL 6, 2019

Unfortunately still the position for most banks and hemp. Shortly after the 2018 Farm Bill passed, legalizing industrial hemp, we predicted that banking services for hemp businesses would be slow going. Although some of our hemp clients are banked (and even have crop insurance) many others are still underserved. Senators, Sen.

Banking 77

Banking Hemp Access Business 77

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. . THC when it is harvested and tested? .

Banking 45

Banking Hemp Business Agriculture 45

Cannabis Law Report

OCTOBER 26, 2019

The public safety concerns resulting from the dearth of cannabis banking has led dozens of state Attorneys General, the American Banking Association, and numerous other voices to urge the passage of legislation like the SAFE Banking Act so that the U.S. History of Marijuana Regulation and Banking Implications.

Banking 45

Banking Safety Business History 45