Cannabis Law Report

DECEMBER 2, 2021

Treasury Secretary Janet Yellen said she supports allowing legal cannabis dispensaries to access the US banking system — where they’re now largely barred — to make it easier for the government to collect tax revenue. Yes, of course it would,” the Treasury secretary replied. “Yes,

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Collective Banking Access Dispensary 52

The Blunt Truth

MAY 21, 2020

Senator Mitch McConnell (R-KY) criticized the cannabis banking provisions in the latest stimulus bill, while state Attorneys General wrote a letter supporting them. cannabis banking. The marijuana industry was optimistic about the inclusion of the SAFE Banking Act in the HEROES bill last week. massachusetts.

Banking 115

Banking Collective Recreational Hemp 115

The Blunt Truth

JUNE 30, 2022

Congress removed marijuana banking from the COMPETES Act. Meanwhile, in Nebraska, signature collecting continues for a ballot initiative. safe banking. If sponsors of the SAFE Banking Act are feeling like Sisyphus right about now, one can hardly blame them. And finally, Major League Baseball welcomes CBD sponsors.

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Banking Collective CBD Marijuana 111

The Blunt Truth

DECEMBER 2, 2021

Yet another industry comes out in favor of marijuana banking. So, it’s back to the drawing board for advocates, who are collecting signatures for the 2022 ballot. cannabis banking. We reported earlier that many of the nation’s governors support banking reform for the marijuana industry. Germany may legalize cannabis.

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Banking Decriminalization Collective Legalization 111

The Blunt Truth

MARCH 12, 2020

As for banking, banking associations around the country sent a letter to Sen. Sherrod Brown (D-OH), asking that the Senate Banking Committee vote on a cannabis banking bill. This means that the group will have to redraft the proposal, collect signatures and resubmit. Mike Crapo (R-ID) and Sen. ON THE LIGHTER SIDE.

Banking 105

Banking Chronic Pain Hemp Decriminalization 105

Cannabis Law Report

APRIL 28, 2022

Banking associations representing all 50 states and one U.S. territory sent a letter to Senate leaders on Thursday, imploring them to include marijuana banking reform in a large-scale manufacturing bill that’s heading to bicameral conference. ABA and SBA Letter to the Senate Support SAFE Banking in America COMPETES Act 04282022.

Banking 59

Banking Access Legislation Packaging 59

The Blunt Truth

FEBRUARY 20, 2020

Turning our attention to the federal government, Senate Banking Committee chair Mike Crapo (R-ID) got a letter this week from Republican legislators asking him to oppose marijuana banking. Finally, the NFL’s new collective bargaining agreement with players may include drastically different rules concerning cannabis use.

Banking 102

Banking Decriminalization Legislation Collective 102

NORML

JUNE 14, 2019

Activists in Mississippi have collected approximately two thirds of the needed signatures to qualify a medical cannabis ballot initiative in 2020. Update : SB 51 is scheduled for a hearing in the Assembly Banking And Finance Committee on 6/24/19. Click here to email your lawmakers in support of banking access. CA resident?

Legislation 168

Legislation Banking Access Hemp 168

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.”. Require federal banking regulators to identify best practices to achieve racial equity in financial services. 21 Pages Posted: 12 Aug 2022.

Banking 52

Banking Access Research and Development Policy 52

The Joint Blog

MAY 22, 2019

The Associated Press is reporting that California is quickly moving forward with a plan to establish a system of banks to work with the marijuana industry which is legal under state law, but illegal under federal law. statutes also prohibit banks from handling money that comes from criminal activity. Republican Sen.

Banking 50

Banking Marijuana Retail Collective 50

The Blunt Truth

MAY 6, 2022

On the federal level, cannabis banking may be part of the COMPETES Act. Regular readers will doubtless recall that we left proponents prepared to collect additional signatures to put legalization on the ballot after it appeared that the legislature would not take up the issue. New Hampshire’s Senate decided against legalizing.

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Banking Legislation Collective Events 110

The Blunt Truth

MAY 15, 2020

The big news this week is that cannabis banking is included in the latest federal relief bill. cannabis banking. Whether the Senate will retain this language, considering that they have taken no action on the SAFE Banking Act, is not certain. SBA funds, however, are not. There’s also lots of state news. ” sba loans.

Banking 106

Banking Research and Development Programs Advocacy 106

Cannabis Law Report

MARCH 8, 2022

consumers support all legal cannabis businesses — including hemp and CBD — having access to banking services. 65% support allowing cannabis businesses to access banking services (e.g. 68% support Congress passing legislation that allows cannabis businesses to access banking services and products in states where cannabis is legal.

Banking 52

Banking Hemp Business Access 52

Cannabis Law Report

JANUARY 28, 2020

Banks and accountants wouldn’t be committing crimes under California law by providing services to cannabis clients under a bill that passed the state Assembly 60-1 on Monday. The measure, Assembly Bill 1525 , would help cities and counties collect taxes. Bloomberg reports.

Banking 45

Banking Collective Data Cannabis 45

Cannabis Chronicles

MAY 22, 2019

Bills have been repeatedly introduced in Congress to end that classification, as more and more states move to legalize the drug for recreational and medicinal purposes and lawmakers push for other reforms, including allowing pot businesses access to banking services.

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Medicine Research and Development Data Collective 140

Cannabis Law Report

JUNE 22, 2021

2021 /CNW/ – Halo Collective Inc. (“Halo”) (NEO: HALO) (OTCQX: HCANF) (Germany: A9KN), a vertically integrated multinational cannabis company, today announced that its board of directors has unanimously approved the reorganization (the “International Reorganization”) of its non-U.S. About Halo Collective Inc.

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Collective Research and Development Cultivation Cannabis 64

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

Cannabis Law Report

DECEMBER 12, 2019

United States: Bank On Hemp: Federal Banking Regulators Loosen The Reins. On December 3, 2019, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (“FDIC”), the Financial Crimes Enforcement Network… United States: Feds Issue Badly Needed Hemp And CBD Banking Guidance.

Banking 45

Banking Hemp Law Collective 45

Cannabis Law Report

AUGUST 20, 2021

Bophelo is being spun off by Canadian parent Halo Collective into a new, non-US, international entity, Akanda. CNW Group/Halo Collective Inc.). . … The suits have descended on Lesotho to start putting a value on Bophelo Bioscience and Wellness , which aspires to be the world’s biggest cannabis grow.

Collective 105

Collective Banking Pharmaceutical Cultivation 105

Cannabis Law Report

FEBRUARY 14, 2020

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. Without banking services, U.S. This is not a partisan issue, or a regional issue.

Banking 45

Banking Safety Environment Business 45

Cannabis Law Report

DECEMBER 1, 2021

Since the United States classifies cannabis as a Title IV drug, the banking industry is unwilling and unable to provide services to cannabis operations. Retailers can reduce the amount of money on-site, and collect more data about their customers who are no longer cash transactions. Tsang has a long history in the banking world.

Banking 52

Banking Dispensary Wellness and Beauty Retail 52

Cannabis Law Report

AUGUST 10, 2021

The Hawthorne Collective to Invest $150 million in Canadian-based RIV Capital. To that end, The Hawthorne Collective will provide a $150 million convertible loan to Toronto-based RIV Capital (TSX: RIV) (OTC: CNPOF), a cannabis investment and acquisition firm currently listed on the Toronto Stock Exchange. MARYSVILLE, Ohio, Aug.

Collective 105

Collective Hydroponic Events Business 105

The Blunt Truth

APRIL 23, 2020

marijuana banking. Ed Perlmutter (D-CO) is optimistic that cannabis banking could make its way into one of the next two relief packages. Because it’s hard to get money from the federal government if you have no bank account to receive it. See text of bill here. STATE ISSUES. Further bulletins as events warrant.

Banking 101

Banking Packaging Programs Legislation 101

Cannabis Law Report

JULY 12, 2019

The California legislature is currently considering a first-of-its kind urgency bill, SB 51, the “Cannabis Limited Charter Banking and Credit Union Law.” The law would empower privately insured charter banks and credit unions to be licensed as “cannabis depository institutions”, or “CDIs”, to bank California cannabis money.

Banking 40

Banking Business Cannabis Legislation 40

Cannabis Law Report

JUNE 14, 2022

Massachusetts municipalities have collected more than $53 million in “impact” fees from cannabis companies since the launch of adult-use sales in 2018, according to a Northeaster University study published by the Massachusetts Cannabis Business Association outlined in a Boston Globe report. The Franklin Observer writes.

Collective 52

Collective Business Legislation Cannabis 52

Cannabis Law Report

MAY 21, 2019

Lacking banking services, many legal cannabis businesses operate solely in cash,” it says. The majority of states have legalized medical or recreational cannabis, and need to have safe banking options for these businesses. State Treasurers Group Endorses Marijuana Banking Legislation.

Banking 40

Banking Legislation Safety Collective 40

The Blunt Truth

MARCH 14, 2019

The big news on the federal level was the reintroduction of the SAFE Banking Act , by sponsor Ed Perlmutter, a Democrat from Colorado. And the NFL is thinking of changing its policies around marijuana in the next collective bargaining agreement.

Banking 86

Banking Legislation Collective Recreational 86

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. Here, we spoke with Safe Harbor Services Vice President Amanda McComb about some of the recent trends and changes that she’s seen in banking the cannabis industry.

Banking 52

Banking Compliance Compliance Business 52

Illinois News Joint

JANUARY 23, 2023

For the community, Maribis Westchester participates in a variety of programs, including children’s school supply drives, food drives for local food banks, holiday toy collections, as well as funds scholarships at two community colleges for students interested in cannabis careers, among other special events.

Dispensary 98

Dispensary Events Food Banking 98

Illinois News Joint

MARCH 1, 2023

For the community, Maribis Grand participates in a variety of programs, including children’s school supply drives, food drives for local food banks, holiday toy collections, as well as funds scholarships at two community colleges for students interested in cannabis careers, among other special events.

Dispensary 98

Dispensary Retail Events Food 98

The Blunt Truth

MARCH 5, 2020

Treasury Secretary Steven Mnuchin painted a vivid picture of the IRS’ problems with the lack of banking services to the marijuana industry. “We have to build cash rooms to take in large amounts of cash where people owe us taxes, because we want to collect the taxes, and those entities are not banked,” Mnuchin said.

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Banking DEA Hemp THC 99

Cannabis Law Report

SEPTEMBER 20, 2019

Hoyer, D-Maryland, announced on the House floor that he will schedule the SAFE Banking Act for a vote. Full report: In historic move, US House to vote on cannabis banking bill next week. 1595, SAFE Banking Act of 2019, as amended. . House of Representatives next week, House Majority Leader Steny Hoyer said Friday.

Banking 45

Banking Collective State Laws Policy 45

Cannabis Law Report

JULY 22, 2019

She emptied her 401(k) and plowed all of her late parents’ retirement savings into transitioning Fiddler’s Green, a former medical cannabis collective, into a licensed adult-use company. But because this is cannabis, bank loans are not an option. Instead, Hattan lives every day on edge.

Banking 40

Banking Tincture Legalization Collective 40

NORML

MARCH 8, 2019

This week, 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. WV resident?

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Legislation Patients Access Seed-To-Sale 190

Cannabis Law Report

JUNE 9, 2022

Treasury Department is proposing to start collecting data on marijuana businesses from banks—alongside industries it already tracks like liquor stores, convenience stores, casinos and car dealers—as part of its ongoing efforts to combat money laundering activities. Marijuana Moment reports. Read full report.

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Data Business Banking Collective 52

Cannabis Law Report

AUGUST 9, 2021

This randomized controlled trial will collect data on 13 U.S. A memo from the Farm Credit Administration to farm credit banks and associations on hemp financing has The National Industrial Hemp Council concerned that growers could have difficulty obtaining loans to expand their operations. CStore Decisions.

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Hemp CBD Legalization Edibles 105

Cannabis Law Report

JULY 31, 2019

With this federal classification, the cannabis industry is isolated from banking and, in many cases, reduced to a cash-only venture. This business model inherently creates several issues, such as higher rate of theft, difficulty assessing and collecting taxes properly, and allowing bad actors to pose as legitimate.

Banking 40

Banking Research and Development Safety Legislation 40