Canna Law Blog

OCTOBER 17, 2022

One of John’s specialty areas is state and federal marijuana policy. The title of our panel was “Update on the Federal Policy Landscape Including Congress and the Executive Branch.” let alone talked about legalizing it. What is the Kansas City Federal Reserve Bank? What does that mean?

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Legalization Banking Research and Development Policy 90

Canna Law Blog

DECEMBER 5, 2019

The tides have been rapidly changing for hemp companies to gain access to banking, which has not traditionally been available to hemp companies due to the fact that hemp was (sort of) federally illegal until about a year ago. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts.

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Banking Hemp Compliance Compliance 64

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.

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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.

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Cannabis Law Report

MAY 21, 2019

The measure, which makes clear that the group “takes no position as to whether cannabis should be legalized under the laws of the United States or of any state,” highlights the public safety issues caused by current federal policy, which makes many financial services providers reluctant to work with the marijuana industry.

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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. “This is as close as we can get until the federal government changes its policy,” said Sen.

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Cannabis Law Report

AUGUST 9, 2021

Welcome to our weekly roundup of CBD and hemp-related legal and regulatory news: CBD. This randomized controlled trial will collect data on 13 U.S. FCA, however, says the informational memo, from FCA Director of Regulatory Policy Kevin Kramp, is merely meant to provide guidance to institutions thinking about lending to hemp operations.

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The Blunt Truth

FEBRUARY 20, 2020

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. The big news this week is that Alabama is considering a bill that would legalize medical marijuana in the state. In Connecticut, marijuana legalization is supported by a “higher authority.”

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Banking Decriminalization Legislation Collective 102

Cannabis Law Report

SEPTEMBER 9, 2021

The current public policies in local and state cannabis ordinance and equity programs may enhance racial disparities if they follow the pattern of exclusion and criminalization that encompass past policies promoted as beneficial to African Americans but uphold racial capitalistic practices. Authored By: By Dr. Ayoka Nurse.

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Policy Research and Development Collective Banking 105

The Blunt Truth

MAY 15, 2020

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. The big news this week is that cannabis banking is included in the latest federal relief bill. We’ve got an update on the latest Montana legalization developments. cannabis banking. ” sba loans.

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Cannabis Law Report

FEBRUARY 13, 2019

FIRST CONGRESSIONAL HEARING HELD ON CANNABIS BANKING. Despite 47 states plus DC permitting some form of marijuana, legal and legitimate businesses forced to operate in cash. From Rep Heck’s Office. Feb 13, 2019 . Press Release. Washington, D.C. Ed Perlmutter (CO-07). Warren Davidson (R-OH-08) and Steve Stivers (R-OH-15).

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Banking Packaging Safety Business 61

Cannabis Law Report

JANUARY 10, 2020

Alison Felix , Senior Policy Advisor , Sam Chapman , Associate Economist , and Jordan Bass , Research Associate. Colorado, which opened recreational stores in January 2014, has the longest-running legalized marijuana market in the United States. v This coincided with changes in enforcement policy from the U.S.

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Banking Marijuana Collective Recreational 59

Cannabis Law Report

NOVEMBER 15, 2021

As we collectively analyze and respond to emerging issues in the cannabis industry, we will continue to be the preeminent voice in cannabis regulatory policy.”. Banking, Finance, and Taxation. Packaging, Labeling, and Advertising. Cannabinoid Hemp. Impaired Driving and Traffic Safety. Environment and Energy. Federal Engagement.

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Cannabis Law Report

SEPTEMBER 24, 2019

As early as September 23, 2019, the United States House of Representatives is expected to vote on the widely anticipated Secure and Fair Enforcement (SAFE) Banking Act. While hemp and marijuana are both derived from the plant Cannabis sativa L, they are legally distinguished on both a federal and state level by their THC content.

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Banking Law Compliance Compliance 40

Cannabis Law Report

APRIL 24, 2019

Federal Legalization – Then What? Let’s think through a couple of scenarios and have a peek at the landscape in a post-legalization world. Federal Legalization – Then What? . “ aBIZinaBOX Inc., CPA’s “ PUBLISHER: CANNABIS LAW REPORT.

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Cannabis Law Report

JULY 2, 2021

The Cannabis Freedom Alliance (CFA) will take this opportunity to provide you each month with relevant news, policy, and legislative updates on how CFA and its members are marching towards the goal of ending cannabis prohibition. Pursuing a tax regime that allows legal cannabis to compete with and ultimately eliminate the illicit market.

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Policy Legislation Cannabis Legalization 119

The Blunt Truth

MARCH 14, 2019

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. The big news on the federal level was the reintroduction of the SAFE Banking Act , by sponsor Ed Perlmutter, a Democrat from Colorado. As for the states, there was lots of movement this week on the legalization front.

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Banking Legislation Collective Recreational 86

Cannabis Law Report

APRIL 15, 2022

Dave Joyce (R-OH), Hakeem Jeffries (D-NY) and Brian Mast (R-FL) are teaming up on what’s titled the Preparing Regulators Effectively for a Post-Prohibition Adult-Use Regulated Environment Act (PREPARE) Act—an incremental reform meant to inform comprehensive cannabis policy changes in the future. National Institute of Standards and Technology.

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Cannabis Chronicles

MAY 22, 2019

“We’ll hand them an iPad, and ask them to fill out a couple quick surveys,” said Michael McDonell, chair of WSU’s Collaboration on Cannabis Policy, Research and Outreach. The Puyallup tribe has staked several claims in the state’s legal marijuana industry, opening two recreational stores in the Tacoma area.

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Cannabis Law Report

APRIL 15, 2022

The MORE Act is one of at least three pieces of offered legislation that legalizes, or partially legalizes, marijuana at the federal level. Ed Perlmutter’s (D-CO) Secure and Fair Enforcement Banking (SAFE) Banking Act , which was most recently passed by the House in 2021. Chuck Schumer (D-NY), and Rep.

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Marijuana Banking Research and Development Legislation 52

Cannabis Law Report

JUNE 20, 2019

It brings Maine one major step closer to its first legal recreational sales, which regulators estimate could occur in March 2020 – after the state’s tracking and licensing systems are ready, marijuana businesses get state and local licenses and growers have product ready to hit the shelves. In fiscal year 2023, Maine is banking on $33.2

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Law Banking Collective Retail 73

The Blunt Truth

AUGUST 7, 2020

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. The amendment would protect state legal marijuana companies, both medical and recreational, from federal interference. The House of Representatives passed this year’s version of the Rohrabacher-Blumenauer amendment.

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Cannabis Law Report

JULY 14, 2021

Here Are The Full Details Of The New Federal Marijuana Legalization Bill From Chuck Schumer And Senate Colleagues. Senate Leadership Releases Draft Legislation to Make Cannabis Federally Legal. Legislation opens doors for cannabis policy reform in the current Congress. MJ Biz say. Here’s NCIA’s statement.

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Cannabis Law Report

JULY 22, 2019

Specifically, they called for the passage of the Secure and Fair Enforcement Banking Act, a pending bipartisan bill that would allow financial institutions to serve legitimate cannabis businesses in states that have legalized the drug. Congress can solve the cannabis banking conundrum now. By Rob Nichols, Jim Nussle.

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Banking Safety Business Legislation 40

The Cannigma

MARCH 12, 2021

Listen & Subscribe: Very few medical cannabis advocates are against the full legalization of the plant for all adults. But sometimes one unintended consequence of adult-use legalization is that the market no longer caters to medical patients. What is the relationship between medical and recreational legalization?

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Cannabis Law Report

JANUARY 12, 2022

Today, Maya (Maya PBC) and the National Psychedelics Association (NPA) announced their partnership in support of the implementation of Oregon’s Measure 109, the first state-approved policy to allow the regulated use of psilocybin products in a facilitated setting.

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Cannabis Law Report

JANUARY 3, 2022

The cannabis industry, when federally legal, will face the same situation with THC, which has been approved as a drug,” Shea said. Cory Booker and Ron Wyden in February formally announced a collective effort to advance comprehensive marijuana reform legislation. SAFE Banking Act. THC to 1% THC. States Reform Act.

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Cannabis Law Report

FEBRUARY 2, 2019

California’s failure to carefully heed all of the admonitions of the Report of the Blue Ribbon Commission in its implementation of cannabis regulation is a far more pervasive cause of the present chaos than tax rates that are too high and a lack of banking. Underground cannabis businesses have managed for generations without banking.

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Cannabis Law Report

AUGUST 24, 2019

Social network’s internal policy team elects to keep global ban on promoting pot sales or selling marijuana outright, after months of debate ,” according to Max Cheney at MarketWatch. BANKING: The growth? The Republican-controlled US Senate hosted a hearing on cannabis banking on July 23, 2019.

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Cannabis Law Report

SEPTEMBER 1, 2021

This prohibition stands in contrast to the 18 states that have “legalized” recreational cannabis use and the 37 states that have enacted laws regulating cannabis use for medical reasons. This legal “gap” raises a number of challenges for policymakers and market participants, particularly with respect to taxation. Introduction.

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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. MD resident?

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Legislation Patients Access Seed-To-Sale 165

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.

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Legislation Decriminalization Patients Access 170

Cannabis Law Report

JUNE 15, 2022

California Steps Up Tax Collection Efforts. The California Department of Tax and Fee Administration (CDTFA) has stepped up its attempts to collect about $200,000 in unpaid taxes from both illegal and licensed cannabis operations. The CDTFA plans to escalate tax enforcement against legal cannabis businesses.

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Business Marijuana Safety Banking 52

Cannabis Law Report

DECEMBER 23, 2019

To kick us off, hemp was legalized at the federal level, and we entered into unchartered territory, navigating uncertain waters of the newest arm of the cannabis industry with a lack of regulation or guidance. The End of the Collective Era. CBD products started popping up everywhere and it begged the question – IS THIS LEGAL?

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Cannabis Law Report

DECEMBER 16, 2021

The Centers for Disease Control and Prevention (CDC) published workplace guidance for creating marijuana policies and drug testing procedures for employed drivers, including education for drivers on marijuana’s effects on safe driving. Uber Canada Announces Partnership With Tokyo Smoke for Cannabis Ordering in Ontario.

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Cannabinoids Retail Policy Cultivation 52

Cannabis Law Report

DECEMBER 8, 2021

One week prior and three hundred seventy miles north, bands of armed robbers broke into 15 legal cannabis operations in Oakland and across the Bay Area. cannabis industry is of course locked out of American banking. Broadly known as cash-only operations, the nation’s dispensaries have been targets since legalization’s dawn.

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Cannabis Law Report

SEPTEMBER 27, 2019

trend and rise in marijuana re/descheduling, legalization, re/degulation, and taxation: “ Radius Global Market Research have released the results of their inaugural Cannabis and Hemp Trends Report. Now, more than a quarter of the US population lives in a legal marijuana state.

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Banking Research and Development Policy Legalization 45