Cannabis Law Report

MAY 28, 2022

Congress should either legalize cannabis or stop deputizing banks as drug enforcement investigators. Although 18 states have fully legalized, cannabis is still a sticky issue for banks and other financial institutions because it remains illegal at the federal level. The State of Banking. economy: the financial system.

Banking 52

Banking State Laws Law DEA 52

MJ Business Attorneys

JUNE 20, 2018

While Attorney General Jeff Sessions lobbies Congress to reduce protections for medical marijuana, President Donald Trump is considering supporting a congressional effort to end the federal ban on marijuana. The answer: for marijuana in America, everything.

Banking 100

Banking Compliance Compliance Marijuana 100

SpeedWeed

FEBRUARY 24, 2021

While South Dakota is still stalled when it comes to making legal cannabis a reality within state borders, the state is already working on legislation that allows banks to decide whether or not to do business with the legal cannabis and hemp industry. . HB1203 just passed the House 64-4, and the next step is for it to clear the senate.

Banking 52

Banking Business Legislation History 52

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. Bank Secrecy Act Compliance. Eide Bailly LLP. Legal Hemp Growing.

Banking 40

Banking Hemp Marijuana Compliance 40

WeedAdvisor

SEPTEMBER 18, 2019

Things are looking good for state medical and recreational dispensaries as a game-changing bill gains support in the U.S. According to Forbes , one third of the Senate now supports the SAFE Banking Act, a bill that would provide dispensaries access to critical financial services. Skipping Ahead. .

Banking 45

Banking Dispensary Legislation State Laws 45

SpeedWeed

APRIL 20, 2021

Cannabis banking reform deposited another decisive victory in the U.S. In the last Congress, the lower chamber overwhelmingly passed a standalone version of SAFE Banking in 2019, and then House members passed the measure two more times as part of federal coronavirus relief bills in 2020. Helping motor more than $17.5 Billion in U.S.

Banking 52

Banking Legislation Safety Access 52

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

NewsMunchies

DECEMBER 22, 2021

More than 60% of adults believe marijuana should be legal for both medical and recreational use, and that figure is likely to rise over time as the public becomes more aware of the potential benefits of the plant. . Although, marijuana may be one of the truly bipartisan issues in the U.S. The nearly $100 billion U.S.

Law 89

Law Marijuana DEA Legalization 89

Cannabis Law Report

JUNE 22, 2019

Will hemp taint your banking relationship? . Many have setup legal entities and registered under their states’ regulatory programs as permitted growers but have hit a hurdle that most new businesses hop right over: opening a bank account. . If you wish to re-publish this story please do so with following accreditation.

Banking 45

Banking Hemp Business Agriculture 45

Cannabis Chronicles

FEBRUARY 8, 2019

government, which categorizes marijuana as a dangerous illegal drug, similar to LSD or heroin. The federal prohibition of marijuana is wrong, plain and simple,” Wyden, a Democrat, said in a statement. The Democratic majority in the House appears more open to considering proposals to ease federal restrictions on marijuana.

Banking 159

Banking Packaging History Compliance 159

Cannabis Law Report

JANUARY 30, 2019

European cannabis firms and investors enviously watching the rapid maturation of the multi-billion dollar North American industry may consider something both geographies have in common; the difficulty of getting banks onside. As of September 2018, Forbes reported just 30 percent of cannabis firms in the US had access to bank accounts.

Banking 77

Banking Hemp Business Cannabis 77

WeedAdvisor

AUGUST 16, 2019

There has been a lot of buzz lately about marijuana reform in South and Central America. Although Uruguay will always hold the title for being the first country in the world to legalize recreational marijuana, the Green Wave is hitting the continent in one large swoop. Argentina’s marijuana framework is a little bit murky.

Marijuana 85

Marijuana Banking Decriminalization Recreational 85

SpeedWeed

MARCH 24, 2021

Like the opening bell on the trading floor of the Stock Exchange, the reintroduction in Congress last week of the long-awaited Secure and Fair Enforcement (SAFE) Banking Act and related Clarifying Law Around Insurance of Marijuana (CLAIM) Act was a call to action for carriers and insurance brokers across the country. SAFE Banking Act.

Banking 52

Banking Business Policy Legislation 52

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 Chronicles

MARCH 26, 2019

When Washington voters passed a ballot initiative in 2012 legalizing recreational cannabis, they did so with the understanding it would be tightly regulated. But without the license, he said he couldn’t get a business bank account and retailers didn’t want to deal in cash. Compliance and cooperation. Hauge,” read the letter.

Marijuana 100

Marijuana Legislation Compliance Compliance 100

MJ Business Attorneys

MAY 23, 2018

In the eight states that allow recreational marijuana use, and over two dozen states that authorize medical marijuana use, state and federal law are conflicting. And what does this mean for the marijuana industry?

Marijuana 100

Marijuana Compliance Compliance DEA 100

Cannabis Law Report

MARCH 4, 2022

Marijuana has been a hot topic over the last few years as more and more U.S. Dispensaries are becoming more common and this is good news for anyone who is thinking about going into the marijuana business, but for the U.S. This option requires a lot of work and compliance with the cannabis waste disposal techniques.

Dispensary 59

Dispensary Marijuana Banking Business 59

Cannabis Law Report

AUGUST 10, 2022

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.

Legalization 52

Legalization Banking Legislation Compliance 52

Cannabis Law Report

JANUARY 7, 2022

In 2016, Pennsylvania adopted Act 16, becoming one of 38 states that have medical marijuana programs in the United States. This permit allows for an additional grower/processor permit to conduct clinical research relating to medical marijuana. Medical marijuana patients are permitted to cultivate up to five plants at home.

Programs 52

Programs Marijuana Dispensary Banking 52

Cannabis Law Report

AUGUST 4, 2022

We have been drafting and negotiating leases for about seven years for our marijuana clients. With psilocybin and marijuana both listed as Schedule 1 drugs under the Controlled Substance Act (21 U.S.C. The first question to ask a potential landlord is whether there is an institutional lender, like a Bank of America or U.S.

Compliance 52

Compliance Compliance Banking Business 52

Otherside Farms

SEPTEMBER 17, 2019

Several states across the country are legalizing marijuana, the federal government isn’t budging. Here are things you need to know about federal marijuana law. Medical marijuana is actually legal in 21 states throughout the country. Not only that, but recreational marijuana is also legal to use in 10 states.

Law 64

Law Marijuana Banking Decriminalization 64

Otherside Farms

MAY 5, 2020

As a refresher, in the United States, marijuana is illegal at the federal level. Still, it is legally approved for recreational use in many states and Washington, D.C., Banks typically don’t provide loans to cannabis ventures especially, those directly involved with the plant or its derivatives.

Business 52

Business Banking Seed-To-Sale Compliance 52

Cannabis Law Report

SEPTEMBER 2, 2021

Revisiting the firm’s approach to clients with marijuana-related businesses ranked among a handful of initial items that Merrill Lynch Wealth Management executives have tackled in their Project Thunder initiative. Advisor Hub writes.

Policy 100

Policy Business Banking Recreational 100

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. Treasury Seeks Comment on Collecting Marijuana-Related Business Activity Information. On June 8, 2022, the U.S.

Business 52

Business Marijuana Safety Banking 52

Cannabis Law Report

MAY 26, 2019

They write, “This survey was prepared by the Fox Rothschild Cannabis Law Practice as a quick reference to relevant laws and statutes governing marijuana usage in the United States.” National Survey on Marijuana Laws and Regulations Copyright © 2018 Fox Rothschild LLP | Attorney Advertising. e-book-Marijuana-Mayv3.

Law 55

Law Marijuana Compliance Compliance 55

Cannabis Law Report

AUGUST 24, 2019

As discussed in Part 9, the bottom line is that: physicians-in-training are not prepared to prescribe medical marijuana. Patients, physicians, and the public all want to learn more about medical marijuana. ” Additionally, May brought the news that “ Facebook will not allow marijuana sales on its platform.

Banking 49

Banking Marijuana Media Patients 49

WeedAdvisor

SEPTEMBER 23, 2019

Colombian marijuana investment seems like a golden opportunity. It is no secret that Colombia has tight rules around its medical cannabis industry (which could one day also service recreational users). The company then selects a strain from that seed bank to go through a government review process. But now comes the hard part.'”

Marijuana 45

Marijuana Strains Banking Cultivation 45

Cannabis Law Report

JULY 15, 2021

Federal Proposal to Deschedule and Tax Marijuana. Cory Booker (D) released their discussion draft—the Cannabis Administration and Opportunity Act—for federal descheduling of marijuana. While federal descheduling impacts all states, it does not deschedule marijuana in states which choose to keep their own ban.

Compliance 105

Compliance Compliance THC Retail 105

Marijuana Lawyer Blog

AUGUST 4, 2021

Our Southern California cannabis lawyers have been carefully eyeing the legal developments happening at the federal level, with Senate Majority Leader Charles Schumer of New York recently releasing draft legislation that would legalize marijuana in the U.S. Marijuana is Legal in Many States – Why Does Federal Legalization Matter?

Legalization 52

Legalization Research and Development Banking Recreational 52

The Blunt Truth

FEBRUARY 18, 2020

In Chicago, where medical marijuana has been legal since 2014, and recreational marijuana has been legal for just over a month, people from many facets of the real estate industry — brokers, architects, contractors, real estate owners — came to learn about the new opportunities and pitfalls of the cannabis industry.

Supply Chain 108

Supply Chain Dispensary Banking Business 108

Cannabis Law Report

SEPTEMBER 29, 2021

Take a closer look at how IRS is working to positively impact filing, payment and reporting compliance on the part of all businesses involved in the growing, distribution and sales of cannabis/marijuana. At last count, 36 states plus the District of Columbia have legalized marijuana for recreational or medicinal use, or both.

Business 52

Business Programs Compliance Compliance 52

NORML

APRIL 26, 2019

Maine regulators are finally moving forward with draft regulations to implement the state’s 2016 voter-approved initiative legalizing the commercial production and retail sale of marijuana. Another great way to stay up to date is Marijuana Moment’s daily newsletter, which you can subscribe to HERE. Your Highness, Carly.

Legislation 142

Legislation Compliance Compliance Hemp 142

Canna Law Blog

APRIL 27, 2022

CannabisCoin focused on improving transactions in medical marijuana dispensaries. HempCoin focused on B2B transactions among farmers, manufacturers, and both medical and recreational dispensaries. DopeCoin tried to facilitate a virtual black market Silk Road for marijuana sales across the world.

Banking 70

Banking Cannabis Business Dispensary 70

Cannabis Law Report

NOVEMBER 6, 2021

As cannabis continues to make its way into the mainstream marketplace, state governments are increasingly legalizing and regulating it for medical or recreational use. The legal cannabis, or marijuana, marketplace represents a projected $21.7 It is important to work with only licensed marijuana operators, Velazquez said.

Banking 52

Banking THC Hemp Cannabis 52

Cannabis Law Report

MAY 13, 2019

A few years ago, marijuana businesses were wondering if they would even survive the legislative session without some sort of political crackdown. But there are no existential threats in 2019 from lawmakers, who have baked the proceeds of marijuana taxes into their budgets and rolled out a bounty of other bills seeking to help the industry.

Legislation 58

Legislation Banking Consumption Conditions 58

Canna Law Blog

OCTOBER 30, 2019

Earlier this month, on October 3, the California Department of Business Oversight (the “DBO”) issued a Cannabis Banking Guidance memorandum to its state-chartered financial institutions (banks and credit unions) to help them make appropriate risk assessments in serving cannabis-related businesses and comply with federal guidelines.

Business 43

Business Banking Programs Compliance 43

Connor & Connor PLLC

NOVEMBER 27, 2019

However, despite the federal prohibition roadblock, 33 states have legalized medical marijuana and 11 have voted to legalize marijuana for recreational use as well. One of the first states to legalize recreational marijuana was Colorado, followed by Washington and Oregon. 1] [link] ; [link]. [2] 1] [link]. [2]

Dispensary 69

Dispensary Retail Recreational Business 69