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

Canna Law Blog

MAY 26, 2019

Looks like marijuana banking is stuck, again. The banking associations from all 50 states and 1 U.S. territory sent a joint letter to leaders of the Senate Banking Committee on Monday, to urge advancement of bipartisan legislation that would protect financial institutions that service marijuana businesses.

Banking 91

Banking Marijuana Safety Legislation 91

Cannabis Law Report

JULY 2, 2019

The world of marijuana banking has been rife with compliance risks for years. While marijuana is still illegal federally, many states have legalized marijuana for medical and recreational use. Legal Hemp Growing. The Farm Bill changes the classification of hemp to an agricultural product.

Banking 40

Banking Hemp Marijuana Compliance 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

Cannabis Law Report

JUNE 22, 2019

Will hemp taint your banking relationship? . Farmers across the country have started growing hemp under the 2014 farm bill while the regulations for the 2018 farm bill are sorted out by the USDA and state departments of agriculture. If you wish to re-publish this story please do so with following accreditation.

Banking 45

Banking Hemp Business Agriculture 45

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. state and federal regulation of marijuana. Background.

Hemp 59

Hemp Business Banking Agriculture 59

NORML

FEBRUARY 22, 2019

Arizona Governor Doug Ducey signed legislation into law this week permitting the production of industrial hemp in accordance with the new federal regulations. New Jersey lawmakers have come to an agreement with Governor Murphy regarding retail marijuana tax rates, settling on charging sales tax by weight as opposed to a specific percentage.

Legislation 180

Legislation Hemp Compliance Compliance 180

Medicinal Genomics

NOVEMBER 5, 2019

Last week the USDA issued its much-anticipated interim final rule for hemp manufacturing. In a conference call, the USDA further clarified that hemp samples should only include flower and could be as little as the top 2” of the upper-most flower. . The language in the 2014 Farm Bill classified hemp as cannabis with less than 0.3%

THC 81

THC Hemp DEA Banking 81

Cannabis Law Report

SEPTEMBER 25, 2019

House of Representatives approved the Secure and Fair Enforcement (SAFE) Banking Act 321-103. Neal Levine of the Cannabis Trade Federation states … The bipartisan SAFE Banking Act ( H.R.1595 It aims to address the state-legal cannabis industry’s lack of access to banking and other financial services.

Banking 55

Banking Safety Compliance Compliance 55

Veriheal

SEPTEMBER 1, 2022

introduced a never-before-seen bill—the Capital Lending and Investment for Marijuana Businesses Act (“the CLIMB Act”). banking and insurance). Provision of accounting services; advertising services; legal or compliance services; IT, software, and communications services; packaging, transportation, or other logistics services.

Business 138

Business Banking Legislation Cannabis 138

NORML

JUNE 14, 2019

Another great way to stay up to date is Marijuana Moment’s daily newsletter, which you can subscribe to HERE. The Marijuana Freedom and Opportunity Act would remove marijuana from the Controlled Substances Act and to provide funding for the expungement of criminal records for those with past marijuana convictions.

Legislation 150

Legislation Banking Access Hemp 150

Cannabis Law Report

NOVEMBER 18, 2021

Sahar Ayinehsazian is based in VS’s Los Angeles office, where she focuses her practice on cannabis banking, corporate transactions, and regulatory compliance. Jerrico Perez is based in VS’s Denver office, where she focuses her practice on administrative law, regulatory compliance, and licensing. View her full bio at [link].

Banking 96

Banking Compliance Compliance Law 96

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. Today’s cannabis industry encompasses the growth, processing, distribution, and other ancillary services related to both hemp and marijuana.

Banking 40

Banking Law Compliance Compliance 40

Cannabis Law Report

MARCH 13, 2019

Here’s their press release in full…… DeJoy, Knauf & Blood LLP Launches Cannabis and Hemp Advisory Practice. The new practice leverages the firm’s in-depth cannabis and hemp industry knowledge and expertise of the tax implications, regulatory environment, as well as critical operating and financial procedures.

Hemp 71

Hemp Business Banking Concentrates 71

Cannabis Law Report

JUNE 22, 2022

As the FDA acknowledges, “Delta-8 THC is one of over 100 cannabinoids produced naturally by the cannabis plant” [1] , but its natural presence in Cannabis and the fact that it can be derived from federally legal “Industrial Hemp” does not make legal or safe in the eyes of the federal government or state lawmakers. 2] Sounds scary, right?

Banking 52

Banking Hemp THC Cannabinoids 52

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. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts.

Hemp 69

Hemp Business Cultivation Banking 69

Cannabis Law Report

SEPTEMBER 12, 2022

Before 1937, industrial hemp was legal and used for clothing, paper, rope, and fuel. Hemp was grown by our forefathers—even required of early colonists. plant illegal, including hemp, a sturdy low THC variety. Hemp was briefly re-legalized in World War II to make canvas and other items requiring the strength hemp provides.

Hemp 52

Hemp CBD Food Extraction 52

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. Governor Andrew Cuomo (D) of New York announced that marijuana legalization language will no longer appear in his budget proposal. Welcome to the latest edition of NORML’s Weekly Legislative Roundup!

Legislation 137

Legislation Hemp Patients Compliance 137

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. AR resident?

Legislation 172

Legislation Patients Access Seed-To-Sale 172

NORML

FEBRUARY 15, 2019

This was a big week for marijuana in Congress. 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. Your Highness, Carly. Actions to Take. HI resident?

Legislation 164

Legislation Hemp Compliance Compliance 164

NORML

MAY 24, 2019

An activist group in North Dakota filed paperwork to begin petitioning for another adult use marijuana legalization ballot initiative in 2020. Members of the Massachusetts Cannabis Control Commission have decided to advance plans to regulate social marijuana use facilities. Your Highness, Carly. Actions to Take. CA resident?

Legislation 170

Legislation Hemp Access Patients 170

Cannabis Law Report

SEPTEMBER 12, 2021

Marijuana Moment reports. Let me be clear about where I stand,” he said, according to his remarks as prepared for delivery that were obtained by Marijuana Moment. “It Top Federal Financial Regulator Slams Congress Over Marijuana Inaction And Calls For Interagency Banking Workgroup. Read full article. September 2021.

Banking 89

Banking Law Legalization Hemp 89

NORML

MAY 17, 2019

Governor Kevin Stitt (R) of Oklahoma signed legislation into law to permit the retail sale of hemp and hemp-derived CBD products. Governor Kim Reynolds (R) of Iowa signed industrial hemp production legislation into law. Click here to email your lawmakers in support of banking access. Your Highness, Carly. Actions to Take.

Legislation 137

Legislation Hemp Compliance Compliance 137

The Blunt Truth

OCTOBER 29, 2019

Plus, the USDA just issued an interim rule for hemp production. USDA Issues Proposed Rule for Hemp Production. The 2018 Farm Bill, which federally legalized hemp (formerly a Schedule I drug like its close cousin, marijuana), opened the gates for mass hemp production—well, almost. those with THC levels above 0.3%).

Hemp 45

Hemp Legislation CBD Research and Development 45

NORML

MAY 31, 2019

Another great way to stay up to date is Marijuana Moment’s daily newsletter, which you can subscribe to HERE. The Marijuana Freedom and Opportunity Act would remove marijuana from the Controlled Substances Act and to provide funding for the expungement of criminal records for those with past marijuana convictions.

Legislation 111

Legislation Access Banking Hemp 111

Cannabis Law Report

NOVEMBER 15, 2021

Andrew Brisbo, Executive Director of Michigan’s Marijuana Regulatory Agency, welcomed as next President of the Cannabis Regulators Association which has expanded to 37 member states and territories. Brisbo is the Executive Director of Michigan’s Marijuana Regulatory Agency and served as Vice President of CANNRA last year. PORTLAND, OR.

Compliance 98

Compliance Compliance Programs Topical 98

Canna Law Blog

AUGUST 2, 2022

Inflation is taking a toll on everything from wages to investment, and the classic struggles around taxation, banking, etc. Licensees only recently enjoyed enforcement reform gains at the legislative level , as well as administrative programs like “ fix it or ticket ” and Verification of Compliance (VOC). continue unabated.

Environment 77

Environment Compliance Compliance Policy 77

Cannabis Law Report

APRIL 17, 2022

The new licensees are all current hemp farmers that have grown and harvested for at least two of the past four years. Proposed Cannabis Banking Bill. Senator Cooney also filed the Cannabis Banking Disclosure Act this week aiming to improve efficiency and compliance in the cannabis banking industry.

Conditions 52

Conditions Cultivation Banking Business 52

Cannabis Law Report

NOVEMBER 6, 2021

The legal cannabis, or marijuana, marketplace represents a projected $21.7 “Even as marijuana becomes mainstream in many states and municipalities, it remains a thorny issue because the Controlled Substances Act, enacted in 1970 under the Nixon administration makes it a federal crime to grow, distribute and use it,” Seigneur said.

Banking 52

Banking THC Hemp Cannabis 52

Cannabis Law Report

FEBRUARY 14, 2019

The new House of Representatives has announced its first cannabis-related hearing, “Challenges and Solutions: Access to Banking Services for Cannabis-Related Businesses,” which will take place on February 13 before a sub-committee of the House Financial Services Committee. Garrett Graff Senior Attorney Hoban Law Group.

Banking 40

Banking Compliance Compliance Access 40

Cannabis Law Report

JUNE 19, 2019

The number one challenge for businesses in the cannabis industry is legal compliance. Compiling client’s medical marijuana dispensary application for Missouri’s 5 th Congressional District. Consulting on formation of Missouri medical marijuana-based business. No trade is more challenging than cannabis. Representative Matters.

Law 51

Law Compliance Compliance Banking 51

SpeedWeed

JULY 6, 2021

In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Kevin Hart, CEO and Founder of Green Check Verified , a leading provider of cannabis banking solutions and expert advisory services for financial institutions. Press the Play button below to listen to the podcast. ? Cannacurio Podcast Episode 36 Transcript.

Banking 52

Banking Seed-To-Sale Supply Chain Compliance 52

Cannabis Law Report

JUNE 28, 2022

The commercial regulated cannabis industry, which includes both industrial hemp and marijuana, is in its infancy. No one really knows whether the substance Griner was caught with was a derivative of hemp or marijuana. There is tremendous confusion about hemp-derived products, such as CBD, and whether they are legal.

Legalization 52

Legalization Supply Chain Hemp Cannabis 52

Cannabis Law Report

JUNE 14, 2019

Agriculture Commissioner Nikki Fried announced Monday a new Medical Marijuana Advisory Committee, which she says will collaborate with the Florida Department of Agriculture and Consumer Services to help improve the state’s medical marijuana policies. Here are the details care of Sunshine State News.

Agriculture 40

Agriculture Marijuana Research and Development Policy 40

Cannabis Law Report

JUNE 26, 2022

Cannabis—also known as marijuana—has been legalized in the last two decades in more than half of the states. Thirty-nine states allow the use of medical marijuana, while 18 states and the District of Columbia permit both medical and recreational marijuana. 14 The Farm Bill removed low-THC hemp, which contains 0.3%

Research and Development 52

Research and Development Education Programs Policy 52

Cannabis Law Report

SEPTEMBER 20, 2019

They write… In this week’s edition: Plans to vote on cannabis banking legislation announced in both chambers of Congress, with predictions that House will pass the SAFE Act by the end of October. House Majority Leader Steny Hoyer (D) intends to put the cannabis banking legislation on the floor by the end of September. Hemp / CBD.

Vaping 40

Vaping Banking Research and Development DEA 40

WeedAdvisor

AUGUST 31, 2019

With Luxembourg announcing its intent to be the first European country to legalize marijuana, it became obvious that the Green Wave was finally reaching Europe. supplement companies helped dominate the market by using industrial hemp to source their CBD. When that time comes, a lot of businesses will need to watch their compliance.

CBD 45

CBD Compliance Compliance THC 45