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Summer 2022: A Brief Cannabis Legalization Update

Cannabis Law Report

Thirty-eight states have either decriminalized cannabis or enacted laws authorizing its use for medical or recreational adult use. [1] Some advocates are still pushing to pass the SAFE Banking Act, allowing banks insured by the FDIC to serve cannabis businesses without fear of violating federal law.

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Weekly Legislative Roundup 6/14/19

NORML

At a more local level, the Cincinnati, Ohio city council approved a measure to decriminalize up to 100 grams of cannabis possession. 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? New Hampshire.

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Weekly Legislative Roundup 3/22

NORML

House Financial Services Committee has scheduled to convene a markup on The Safe Banking Act, HR 1595 on Tuesday, March 26th. And Steelton Borough, Pennsylvania passed an ordinance to decriminalize up to 30 grams of cannabis possession. Click here to email your lawmakers in support of decriminalization. GA resident? HI resident?

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Weekly Legislative Roundup 2/22

NORML

At the state level, the North Dakota House of Representatives defeated a decriminalization bill on the House floor by a narrow 43-47 vote. Senate Bill 1003 / House Bill 2273 to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. AZ resident? Connecticut. CT resident?

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Financing Options for Starting a Weed Business

Otherside Farms

and decriminalized in many others. This trend of decriminalization means the market is prime for those looking to start weed businesses. Banks typically don’t provide loans to cannabis ventures especially, those directly involved with the plant or its derivatives. Most banks are under the federal government.

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Weekly Legislative Roundup 3/8/19

NORML

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. AL resident?

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Weekly Legislative Roundup 2/15/18

NORML

The House Financial Services subcommittee on Consumer Protection and Financial Institutions held a hearing Wednesday to address the lack of access to basic banking services by state-legal marijuana businesses. ” At a more local level, the decriminalization policy in Dayton, Ohio went into effect this week. MT resident?