Cannabis Law Report

JUNE 4, 2021

A sprawling adult-use cannabis industry is taking root from coast to coast. While the rules and regulations vary from state to state, that has not limited some dispensaries from opening locations in several regions. What are some of the issues that impact an MSO’s ability to access banking?

Banking 87

Banking Supply Chain Dispensary Business 87

Veriheal

MAY 16, 2025

Since COVID-19 rocked the economy, cannabis businesses and supply chains claim to have been playing catch-up to get back to business as usual. However, the question remainsjust how bad has inflation been affecting cannabis prices, cannabis business closures, and jobs in the cannabis sector?

Supply Chain 83

Supply Chain Compliance Compliance Dispensary 83

Canna Law Blog

APRIL 15, 2025

For many cannabis brands, licensing their trademarks can be a savvy business move (for more information on cannabis trademarks generally, check out our webinar, Trademarking Cannabis: Cutting Through the Legal Haze ). Heres what you need to know if youre thinking about licensing your cannabis brand.

Compliance 89

Compliance Compliance Hemp Cannabis 89

Greenspoon Marder Cannabis Law Group Blog

JULY 19, 2019

Cannabis Banking. On Tuesday July 23, the Senate Committee on Banking, Housing, and Urban Affairs will discuss the growing need to provide banking services to cannabis businesses. Prior to the July 23 hearing, the SAFE Banking Act received widespread support among House members with 206 co-sponsors.

Banking 67

Banking Safety Cannabis Business 67

Greenspoon Marder Cannabis Law Group Blog

JUNE 14, 2019

Although this resolution is limited in scope, pending legislation on the horizon would definitively remedy this issue, specifically the Secure and Fair Enforcement (“SAFE”) Banking Act. As of June 5 th , 2019 the SAFE Banking Act has been placed on the Union Calendar (Calendar No. Victor Fox is not an attorney.

Banking 64

Banking State Laws Cannabis Business 64

MassRoots

AUGUST 3, 2020

Only two facilities are allowed to cultivate medical cannabis for the entire state, and only nine pharmacies are licensed to distribute it to patients. Under the new regulations established by HB 819 , any physician licensed by the state of Louisiana has the authority to recommend medical cannabis to his or her patients.

Programs 124

Programs Banking Marijuana Conditions 124

NORML

MARCH 7, 2019

In a day and age when more than twenty percent of the population live in states which have legalized the marijuana market, and in an era where nearly every state has enacted some legal protections for the use of medical cannabis or its extracts, the time has come for federal lawmakers to end this senseless and cruel prohibition that ruins lives.

Legislation 238

Legislation Marijuana Banking Safety 238

Cannabis Law Report

MAY 28, 2022

Despite progress over the past decade, the cannabis industry still struggles to access a fundamental piece of the U.S. Congress should either legalize cannabis or stop deputizing banks as drug enforcement investigators. The State of Banking. economy: the financial system. That can prove costly.

Banking 52

Banking State Laws Law DEA 52

Cannabis Law Report

FEBRUARY 26, 2019

Senate Tuesday that conflicting federal and state laws on the sale of marijuana and other cannabis products put bank supervisors in a “very difficult place.” about the Fed’s thoughts on the cannabis space, the leader of the U.S. ” Asked by Sen. Robert Menendez, D-N.J.,

Banking 58

Banking State Laws Law Marijuana 58

NORML

APRIL 5, 2019

This Act amends the Controlled Substances Act to reduce the number of instances in which federal law enforcement agencies could carry out legal actions against state-licensed cannabis businesses or other related enterprises. Governor Michelle Lujan Grisham (D) of New Mexico signed cannabis decriminalization legislation into law.

Legislation 209

Legislation Banking Hemp Compliance 209

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.

Banking 105

Banking DEA Recreational Packaging 105

NORML

JUNE 23, 2019

Also this week, the House Committee on Small Business held a hearing to discuss the economic and employment opportunities in the emerging legal cannabis industry and the challenges that federal prohibition and criminalization pose in regards to the Small Business Administration. Click here to email your lawmakers in support of banking access.

Legislation 212

Legislation Hemp Decriminalization Agriculture 212

NORML

JANUARY 19, 2020

The US House Energy and Commerce Subcommittee on Health will hold a legislative hearing entitled “Cannabis Policies for the New Decade.” Legislation is pending, House Bill 1089, to protect cannabis consumers from employment discrimination. Welcome to the latest edition of NORML’s Weekly Legislative Roundup!

Legislation 252

Legislation Decriminalization Access Patients 252

NORML

MARCH 29, 2019

House Financial Services Committee has passed The Safe Banking Act, HR 1595 out of committee this week. Governor Jim Justice (R) of West Virginia signed legislation into law that allows financial institutions to provide banking services related to the state’s medical marijuana program. House Judiciary Committee.

Legislation 200

Legislation Decriminalization Hemp Patients 200

Veriheal

DECEMBER 7, 2022

Operating cannabis-based businesses in The Golden State is no easy feat for retailers. With the plant’s legal status confined by the federal Controlled Substances Act (CSA ) boundaries, cannabis stores are still operating illegally. Due to the plant’s illegal status, banking cannabis business revenue can be tricky.

Business 104

Business Banking Advocacy Cannabis 104

NORML

FEBRUARY 22, 2019

Delaware prosecutors will no longer be encouraged to pursue criminal charges against those who possess marijuana for personal use, according to guidelines issued by the state’s new Attorney General. Click here to email your lawmakers in support of allowing patients to smoke medical cannabis. California. CA resident? Connecticut.

Legislation 193

Legislation Hemp Compliance Compliance 193

Cannabis Law Report

JULY 11, 2022

The governor of Pennsylvania on Monday signed a bill that includes provisions to protect banks and insurers in the state that work with licensed medical marijuana businesses. As a standalone measure, the cannabis banking reform passed the Senate earlier this year, and it also cleared a House committee last month.

Banking 52

Banking Law Legislation State Laws 52

Illinois News Joint

MAY 4, 2023

“We can’t celebrate pride without drag queens,” said Cooper, “and we’re proud to announce that this year’s event will be hosted by Bambi Banks Coulee, with other fabulous performances.” Performing will be Bambi Banks Coulee, ziggy banks, Sativa Feliciano Diamond, and Smokey Karmichael.

Events 98

Events Banking Seed-To-Sale Sativa 98

SpeedWeed

MARCH 20, 2021

The US House just reintroduced the Secure and Fair Enforcement ( SAFE ) Banking Act, an act that if passed, would help the cannabis industry have access to financial services. Because cannabis is still federally illegal, cannabis businesses have difficulty accessing banking , credit card processing, and business deductions for taxes.

Banking 52

Banking Legalization Safety Access 52

The Blunt Truth

JULY 30, 2019

Last week, several members of Seyfarth’s cannabis practice attended CannaVest West and the Cannabis Business Summit & Expo. Industry expert panels discussed market trends, private equity, venture capital, family offices, and banking, as well as commercial real estate, which I had the opportunity to moderate.

Banking 78

Banking Hemp Cannabis Business 78

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

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

The Blunt Truth

OCTOBER 1, 2020

Cannabis banking appears in the Democrats’ new stimulus bill. The Nebraska Supreme Court ruled in favor of CBD sellers in the state. New Jersey may decriminalize cannabis. As we reported last week, the Vermont legislature passed a bill allowing for retail sale of cannabis. cannabis relief. new jersey.

Decriminalization 113

Decriminalization Banking Legislation Access 113

WeedAdvisor

SEPTEMBER 18, 2019

According to Forbes , one third of the Senate now supports the SAFE Banking Act, a bill that would provide dispensaries access to critical financial services. The fear of federal repercussions keeps major financial institutions for dealing with these businesses, despite their being compliant with state law. Skipping Ahead. .

Banking 45

Banking Dispensary Legislation State Laws 45

Cannabis Law Report

FEBRUARY 14, 2020

More than 1300 cannabis business owners, executives, and employees co-signed a letter to Sen. Mike Crapo urging him to support the SAFE Banking Act and hold a markup in the Senate Banking Committee. . The House of Representatives passed the SAFE Banking Act by a vote of 321-103 in September, with 91 Republicans voting in favor.

Banking 45

Banking Safety Environment Business 45

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

The Joint Blog

FEBRUARY 20, 2019

Legislation that would protect banks who provide services to medical marijuana businesses has been passed by the full West Virginia House of Delegates. “The purpose of this section is to provide a solution to the banking problems encountered by the state in connection with the Act.”

Banking 48

Banking Marijuana Collective State Laws 48

NORML

FEBRUARY 8, 2019

Senator Ron Wyden introduced legislation in the Senate — The Marijuana Revenue and Regulation Act — to permit states to establish their own marijuana regulatory policies free from federal interference. House Financial Services Committee is scheduled to hold a hearing on cannabis business banking issues next week.

Legislation 197

Legislation Decriminalization Patients Access 197

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

Cannabis Law Report

JUNE 5, 2019

House Democrats have introduced bipartisan legislation to address the conflict between states that have legalized cannabis within their borders for medical and/or personal use, and federal law, under which cannabis remains a Schedule I controlled substance. 1595 , was introduced by Rep.

Banking 40

Banking Compliance Compliance State Laws 40

Cannabis Law Report

JUNE 8, 2021

We discussed a number of topics, including: My first-hand experience with CBD and my path to representing businesses in the cannabis industry. Some of the biggest legal challenges that cannabis businesses face, such as the lack of access to banking, and merchant processing. He represents businesses throughout the hemp industry.

Hemp 105

Hemp CBD Legalization Banking 105

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.

Banking 40

Banking Cannabis Business Safety 40

NORML

MARCH 22, 2019

House Financial Services Committee has scheduled to convene a markup on The Safe Banking Act, HR 1595 on Tuesday, March 26th. Activists in Oregon have filed a 2020 ballot initiative with the Secretary of State that, if approved, would allow social cannabis consumption sites and protect consumers from employment discrimination.

Legislation 172

Legislation Hemp Patients Compliance 172

MassRoots

FEBRUARY 11, 2019

Legislation to end the federal prohibition of cannabis has been submitted in the U.S. The American people have elected the most pro-cannabis Congress in American history and significant pieces of legislation are being introduced,” said Blumenauer. Senate by Senator Ron Wyden (D-OR). 420’s companion proposals, including H.R.

Legalization 111

Legalization Marijuana Legislation Policy 111

Cannabis Law Report

JULY 22, 2019

On Tuesday July 23, the Senate Committee on Banking, Housing, and Urban Affairs will discuss the growing need to provide banking services to cannabis businesses. Credit Union National Association President and CEO Jim Nussle illustrated this point by stating, “[a]t its heart, cannabis banking is a public safety issue.

Banking 40

Banking Safety Business Cannabis 40

Canna Law Blog

DECEMBER 17, 2019

As a corporate and transactional attorney focused mostly on cannabis, I see my fair share of financing documents and transactions involving cannabis operators. The concept of starting a cannabis business on a shoestring budget has never really existed.

Business 91

Business Banking Events Cannabis 91

Greenspoon Marder Cannabis Law Group Blog

SEPTEMBER 25, 2019

House of Representatives is expected to vote on the Secure and Fair Enforcement Banking Act of 2019 (the “SAFE Banking Act”) today. In light of these concerns, most banks have denied cannabis-related businesses access to bank accounts and other financial services.

Banking 40

Banking Hemp Safety Business 40