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 182

Legislation Decriminalization Hemp Patients 182

NORML

MAY 24, 2019

Update : A substitute version of SB 236 that would create a commission to study the use of medical CBD is scheduled for a hearing and vote in the House Committee on Health on 5/28/19. Click here to email your lawmakers in support of banking access. Click here to email your lawmakers in support of regulating hemp and CBD.

Legislation 182

Legislation Hemp Access Patients 182

The Blunt Truth

JULY 30, 2019

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 – here, too, experts caution that there won’t be advancements until the feds legalize.

Banking 78

Banking Hemp Cannabis Business 78

Canna Law Blog

AUGUST 23, 2019

Commercial marijuana activity remains a federal crime, and the Bank Secrecy Act (“BSA”) generally prohibits financial institutions from accepting marijuana-generated dollars. Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with state law.

Hemp 88

Hemp Business Cultivation Banking 88

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 148

Legislation Hemp Patients Compliance 148

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

Greenspoon Marder Cannabis Law Group Blog

AUGUST 26, 2019

Last week, the National Credit Union Administration (NCUA) issued interim guidance stating that federally insured credit unions may provide certain financial services to legally operating hemp businesses. The need for cannabis businesses to have access to banking services continues to gain federal support.

Banking 40

Banking Hemp Marijuana Events 40

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 187

Legislation Decriminalization Patients Access 187

NORML

MAY 31, 2019

This week, the US Food and Drug Administration is taking in-person public testimony with regard to the “manufacturing, product quality, marketing, labeling, and sale” of CBD-infused retail products. Click here to email your lawmakers in support of banking access. The bill now heads to the governor’s desk. AL resident?

Legislation 115

Legislation Banking Access Hemp 115

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. And that puts them and the Americans they do business with at risk. .

Banking 40

Banking Cannabis Business Safety 40

The Blunt Truth

SEPTEMBER 10, 2019

Within its memorandum to members, the NCUA provided: 1) a summary of repercussions generated by the 2018 Farm Bill, 2) specific compliance program concerns with regard to the Bank Secrecy Act (BSA) and Anti-Money Laundering Act (AML), and 3) considerations under existing NCUA regulations for lending.

Hemp 78

Hemp Business Compliance Compliance 78

NORML

MAY 17, 2019

Governor Jay Inslee (D) of Washington signed legislation into law to allow individuals with prior low-level cannabis convictions to apply to the sentencing court to have their record vacated. Governor Kevin Stitt (R) of Oklahoma signed legislation into law to permit the retail sale of hemp and hemp-derived CBD products.

Legislation 148

Legislation Hemp Compliance Compliance 148

Cannabis Law Report

JULY 26, 2021

Research-oriented CBD Trait also plans to use the new funding to advance research and development across various technologies created to improve cannabinoid production methodologies. Our banking practice, through broker-dealer Bradley Woods & Co. Investors in cannabis may be subject to law enforcement actions.

Research and Development 76

Research and Development Cannabinoids Banking Environment 76

Cannabis Law Report

DECEMBER 14, 2019

On December 3, 2019, four federal agencies, in consultation with state banking regulators, clarified the legal status of hemp growth and production under the Bank Secrecy Act (BSA) for banks 1 providing financial services to hemp-related businesses. JD Supra Release. percent on a dry weight basis.” The Joint Statement.

Hemp 59

Hemp Business Banking Agriculture 59

NORML

APRIL 20, 2019

Click here to email your lawmakers in support of banking access. The measure would protect registered medical cannabis patients from employment discrimination by prohibiting employers from arbitrarily discriminating against employees who legally consume medical cannabis off-the-job in accordance with state law. CA resident?

Legislation 168

Legislation Decriminalization Hemp Compliance 168

Cannabis Law Report

JULY 6, 2022

Dafna Revah, co-founder and co-owner of cannabis dispensary CBD Kratom, had a lot of explaining to do when her bank referred her to a record keeper willing to provide her company with a 401(k) plan. ” None, she repeatedly explained, had Delta-9 THC, the cannabinoid that is illegal under federal law. ” Ms.

Legalization 52

Legalization Tincture Banking Edibles 52

The Blunt Truth

OCTOBER 29, 2019

This consideration will likely be influenced by how quickly the federal government mends the patchwork of rules and regulations both at the state and federal level governing the legality of marijuana and CBD. The SAFE Banking Act May Help CBD Industry. Schakowsky Re-Introduces Consumer Protection Bill.

Hemp 45

Hemp Legislation CBD Research and Development 45

Cannabis Law Report

FEBRUARY 5, 2019

Congressional Democrats Plan Hearing And Vote On Marijuana Business Banking. Party leaders are also laying the groundwork to vote on a marijuana banking bill soon, Marijuana Moment has learned. Congressional Democrats Plan Hearing And Vote On Marijuana Business Banking. Worth prosecutors were threatening to arrest CBD users. .

Digestion 53

Digestion Banking Hemp Retail 53

Cannabis Law Report

DECEMBER 23, 2019

State regulators announced enforcement actions all over the State which then resulted in the first round of charges against operators violating state law. We also started 2019 with the legalization of hemp and the journey to develop what that means for CBD companies and consumers alike.

Law 59

Law Banking Hemp Retail 59

Cannabis Law Report

AUGUST 24, 2019

From banking reform to labeling, state legislators are set to mull over at least five bills directly impacting the $2.5 Secure and Fair Enforcement (SAFE) Banking Act, which would shield banks from federal prosecution as long as the cannabis businesses that they serve are compliant with the state laws where they operate.

Banking 45

Banking Supply Chain Food Business 45

Cannabis Law Report

AUGUST 24, 2019

BANKING: The growth? The Republican-controlled US Senate hosted a hearing on cannabis banking on July 23, 2019. In Who’s Now Lobbying on the SAFE Banking Act? Financial institutions, even in states where cannabis is legal, are usually hesitant to serve cannabis businesses while cannabis remains illegal at the federal level.”

Banking 49

Banking Marijuana Media Patients 49

The Joint Blog

JUNE 15, 2021

From CBD to edibles to medical marijuana, legal cannabis has become the fastest-growing industry in the U.S. Before going deeper into it, make sure you have the license to operate legally in the state you are living in. Know your State Laws. State laws govern whether you can ope rate your cannabis growing business.

Legalization 52

Legalization Decriminalization Recreational State Laws 52

The Blunt Truth

FEBRUARY 7, 2019

Cannabis and CBD-driven business format franchising is coming. And while the Department of Justice has not prioritized prosecuting cases involving use that is legal under conflicting state laws, that could change virtually overnight, leaving the franchisor and franchisee not only in danger of losing their business, but their freedom as well.

Banking 49

Banking Strains Business Pets 49

The Blunt Truth

OCTOBER 22, 2019

who uses, shares (whether you do or don’t Bogart that joint ), or sells marijuana in any form, whether psychoactive THC or only non-psychoactive CBD. practicing law in the U.S. 1200 , The SAFE Banking Act, awaits a vote. Yes, of course, if you are a noncitizen: residing anywhere in the U.S. work here, or apply for a green card.

DEA 51

DEA Banking Agriculture Law 51

SpeedWeed

JUNE 14, 2021

The Secure and Fair Enforcement in (SAFE) Banking Act. The SAFE Banking Act is a more incremental reform step that would allow cannabis businesses access to the same kind of banking products available for other businesses, including credit and insurance. Introduced in the House by Rep. Ed Perlmutter (D-CO).

Banking 40

Banking Hemp Legislation Packaging 40

SpeedWeed

JUNE 14, 2021

The Secure and Fair Enforcement in (SAFE) Banking Act. The SAFE Banking Act is a more incremental reform step that would allow cannabis businesses access to the same kind of banking products available for other businesses, including credit and insurance. Introduced in the House by Rep. Ed Perlmutter (D-CO).

Legislation 40

Legislation Banking Hemp Packaging 40

Cannabis Law Report

JUNE 15, 2022

In addition, the licensees must execute a management agreement with a third-party operator to manage and operate the remaining facilities that the department will continue to permit in compliance with state law. The RSF assessment tool is designed to help OCC and a bank determine customer type for large risk analysis.

Business 52

Business Marijuana Safety Banking 52

Cannabis Law Report

OCTOBER 22, 2019

who uses, shares (whether you do or don’t Bogart that joint ), or sells marijuana in any form, whether psychoactive THC or only non-psychoactive CBD. practicing law in the U.S. Citizenship and Immigration Services (USCIS) has declared that “certain conduct involving marijuana. 1200 , The SAFE Banking Act, awaits a vote.

DEA 40

DEA Banking Agriculture Supply Chain 40

Cannabis Law Report

NOVEMBER 29, 2021

The law took effect August 1, 2021. House Bill 1090 : State law previously permitted adults to legally possess up to one ounce of either marijuana flowers or concentrates for recreational purposes without penalty. The new law took effect upon signing. The law took effect July 1, 2021. EXPUNGEMENT. MISCELLANEOUS.

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Legislation Patients Retail Access 98

Cannabis Law Report

MARCH 21, 2019

The USDA’s Agricultural Marketing Service Administrator Bruce Summers said last week that the agency will aim to complete the hemp production regulations by fall 2019, in time for states to submit plans for the 2020 spring hemp planting season. House Committee to Vote on Cannabis Banking Bill Next Week.

Digestion 49

Digestion Dispensary Recreational Legislation 49

Cannabis Law Report

JULY 27, 2019

Consumer demand for all types of cannabis and CBD products makes franchising a natural growth vehicle for the cannabis industry. It is impossible to ignore the serious legal and business complications of franchising a cannabis business due to marijuana being illegal under federal law. Why Franchise? Overarching Risks.

Supply Chain 40

Supply Chain Programs Business Retail 40

SpeedWeed

MARCH 7, 2021

” I said, “Look,” and this is exactly what I told people, “if you don’t have money in the bank to take down, about $15,000 per acre to take down to Biloxi and throw it on black and walk away losing it, you don’t need to get into hemp.” Is it CBD oil, CBG, CBN, distillate, crude oil isolate?

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Extraction Hemp Media Data 52

Cannabis Law Report

OCTOBER 12, 2021

She brings 20 years of experience in the financial industry, specifically 10 years in banking and underwriting. The Company, through several of its subsidiaries, is indirectly involved in the manufacture, possession, use, sale, and distribution of cannabis in the recreational and medicinal cannabis marketplace in the United States.

Extraction 52

Extraction Business Hash Legislation 52

SpeedWeed

MARCH 24, 2021

In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Tony Repanich, President and Chief Operating Officer of Shield Compliance , a comprehensive compliance management platform for banking cannabis-related businesses. I spent 25 years in community banking and I loved it. So what was that like for you?

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Compliance Compliance Banking Data 52

Canna Law Blog

JULY 7, 2020

The FinCEN Guidance centers on due diligence requirements as related to the Bank Secrecy Act (BSA). The purpose of that statement was to to help financial institutions deal with BSA and anti-money laundering (AML) compliance in light of the fact that hemp is no longer a Schedule I controlled substance under federal law.

Banking 64

Banking Hemp Compliance Compliance 64

The Blunt Truth

SEPTEMBER 3, 2020

There’s now CBD for elephants. And speaking of CBD, Seyfarth has a program coming up on that topic. Nebraska Secretary of State Bob Evnen approved a medical marijuana initiative to appear on the November ballot late last week. It’s been a busy week for the Golden State. elephants and cbd. and finally.

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DEA CBD Banking Edibles 98

Canna Law Blog

SEPTEMBER 6, 2020

This Assembly Bill addresses cannabis banking on the state level. It’s admirable of California to make it official that financial institutions (and accountants) don’t commit any crimes under state law by virtue of servicing cannabis businesses. There’s one issue though: federal law.

Banking 89

Banking Pets Cultivation Legislation 89