Cannabis Law Report

AUGUST 6, 2019

Regulators won’t punish credit unions simply for working with marijuana businesses that are operating in compliance with state laws, the head of the federal agency that oversees the financial services providers said in a new interview. We don’t get involved with micro-managing credit unions,” he said.

Banking 40

Banking Compliance Compliance State Laws 40

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. Activists in Oregon have filed a 2020 ballot initiative with the Secretary of State that, if approved, would allow social cannabis consumption sites and protect consumers from employment discrimination.

Legislation 134

Legislation Hemp Patients Compliance 134

NORML

MAY 31, 2019

Legislation is pending, Senate Bill 225, to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. Click here to email your lawmakers in support of banking access. Click here to email your governor in support of medical cannabis access. AL resident? IL resident?

Legislation 110

Legislation Access Banking Hemp 110

NORML

MAY 24, 2019

Click here to email your lawmakers in support of banking access. This measure prohibits employers from arbitrarily discriminating against prospective employees who legally consume cannabis off-the-job in accordance with state law. Update : SB 51 was approved by the Senate on 5/21/19, and now heads to the Assembly. CA resident?

Legislation 166

Legislation Hemp Access Patients 166

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. Nevada Cannabis Compliance Board Takes Action for Tax Payment Failures.

Cannabinoids 52

Cannabinoids Retail Policy Cultivation 52

Cannabis Law Report

MARCH 17, 2020

As Congress is considering legislation to provide banks with a safe harbor for providing services to those in the cannabis industry, other areas, from financial services to soft drink manufacturers, are actively assessing how the explosion of this new market will impact their products and services. Policy on permissible activity.

Compliance 59

Compliance Compliance State Laws Law 59

NORML

MAY 17, 2019

Click here to email your lawmakers in support of banking access. LD 991 also seeks to expunge the records of those convicted of marijuana related offenses that are no longer defined as criminal under state law. Update : SB 51 was heard in the Senate Appropriations Committee on 5/13/19 and 5/16. CA resident? ME resident?

Legislation 134

Legislation Hemp Compliance Compliance 134

Cannabis Law Report

JULY 22, 2019

In a joint op-ed in Fox Business today, American Bankers Association President and CEO Rob Nichols and Credit Union National Association President and CEO Jim Nussle called on lawmakers to resolve the existing conflict between federal and state law with respect to proceeds from cannabis-related businesses.

Banking 40

Banking Safety Business Legislation 40

Cannabis Law Report

JUNE 26, 2022

Bush’s national drug control strategy, Congress passed legislation to require schools, colleges and universities to implement and enforce drug and alcohol prevention programs and policies as a condition of eligibility to receive federal funds and assistance. There also exist certain requirements to demonstrate compliance with the Regulations.

Research and Development 52

Research and Development Education Programs Policy 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. Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with state law.

Hemp 69

Hemp Business Cultivation Banking 69

Cannabis Law Report

MARCH 29, 2019

An-Chi Tsou is the principal at Tsou Consulting, LLC, specializing in state and local regulatory and legislative compliance, guidance, and advocacy. As most people know, state law provides very generous authority to local jurisdictions regarding operational requirements and standards. Authored By: An-Chi Tsou.

Law 45

Law Policy Programs Topical 45

Marijuana Lawyer Blog

APRIL 15, 2019

California employers long have long availed themselves of their right – as affirmed by the state’s high court – to carry out zero tolerance policies against workers who use drugs – even if that drug use takes place off-the-job. The History of Employer Zero Tolerance Policies. for drugs.

Policy 45

Policy Programs Banking History 45

Cannabis Law Report

FEBRUARY 4, 2019

You can read more about product packaging and labeling requirements on the Understanding Board Interim Policies for Packaging and Labeling section of the LCB website. The policy only applies to approved owners who are investing their own personal money into the business. Have lost their bank. Payment Methods.

Topical 65

Topical Packaging Retail Legislation 65

Cannabis Law Report

JULY 14, 2021

federal law. Strict compliance with state laws with respect to cannabis will neither absolve the Company of liability under U.S. federal law, nor will it provide a defence to any federal proceeding which may be brought against the Company. Karl Kottmeier” President.

Research and Development 105

Research and Development Clinical Trials Events Treatment 105

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. That can prove costly.

Banking 52

Banking State Laws Law DEA 52

Cannabis Law Report

DECEMBER 23, 2019

It has been two years since California began licensing yet operators still struggle with compliance and are all still de facto, breaking one law or another. The Bureau of Cannabis Control (BCC) sent out 2,842 cease-and-desist letters to cannabis shops and businesses suspected of operating without state licenses.

Law 59

Law Banking Hemp Retail 59

Cannabis Law Report

AUGUST 8, 2019

investment community as to the boundaries of legal risk and compliance. Law Commission published a report, “Anti-money laundering: the SARs regime”, highlighting the need for guidance on transactions involving the legal cannabis industry in Canada and elsewhere. Public Policy. There is very little guidance for U.K. In the U.S.,

Legalization 40

Legalization Banking Compliance Compliance 40

NORML

APRIL 5, 2019

Under state law, adults face civil penalties for minor marijuana possession offenses. Senate Bill 45 would make this policy consistent for juvenile offenders. 333, to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. FL resident? Update : H.

Legislation 186

Legislation Banking Hemp Compliance 186

Cannabis Law Report

JULY 27, 2019

It is impossible to ignore the serious legal and business complications of franchising a cannabis business due to marijuana being illegal under federal law. Banks, landlords, insurance companies and other service providers remain skittish about doing business with companies that are essentially breaking federal law.

Supply Chain 40

Supply Chain Programs Business Retail 40

Cannabis Law Report

OCTOBER 12, 2021

Since 2017, Jill has led the finance, administration and compliance oversight functions for Venom Extracts. She brings 20 years of experience in the financial industry, specifically 10 years in banking and underwriting. She has been responsible for all bookkeeping duties, including cash verifications, payments to vendors and payroll.

Extraction 52

Extraction Business Hash Events 52

NORML

MARCH 29, 2019

House Financial Services Committee has passed The Safe Banking Act, HR 1595 out of committee this week. Governor Jim Justice (R) of West Virginia signed legislation into law that allows financial institutions to provide banking services related to the state’s medical marijuana program. House Judiciary Committee.

Legislation 165

Legislation Decriminalization Hemp Patients 165

Canna Law Blog

JANUARY 31, 2022

While you still can’t register trademarks with the USPTO for cannabis goods, there is now all kinds of intellectual property and brand strategy that goes into state law registration and registration for ancillary goods and services classes. At a minimum, licensees are often forced to get commercial general liability policies.

Business 86

Business Compliance Compliance Banking 86

NORML

JUNE 23, 2019

Governor Kate Brown (D) signed legislation into law to to automatically conduct a review of past misdemeanor cannabis convictions, and to “set aside” offenses that are no longer a crime under state law. Click here to email your lawmakers in support of banking access. CA resident? Legislation is pending, S.

Legislation 186

Legislation Hemp Decriminalization Agriculture 186

Canna Law Blog

FEBRUARY 9, 2022

Cannabis, psychedelics, and banks. There is just no way that financial institutions will bank psilocybin funds for the time being. The moral of the story is that if – for example – a cannabis company with a bank account decides to obtain an Oregon psilocybin license next year, it will risk losing its cannabis bank account.

Business 80

Business Banking Compliance Compliance 80

Cannabis Law Report

APRIL 13, 2022

A couple of months earlier, the House passed a bill that would allow banks to offer various financial services to cannabis businesses. Many years ago, New York revised its income tax laws to achieve close conformity with the Federal system of income taxation. However, New York’s Tax Law does not conform to the Code in all respects.

Business 52

Business Cannabis Law Decriminalization 52

SpeedWeed

MARCH 24, 2021

In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Tony Repanich, President and Chief Operating Officer of Shield Compliance , a comprehensive compliance management platform for banking cannabis-related businesses. I spent 25 years in community banking and I loved it. Welcome, Tony.

Compliance 52

Compliance Compliance Banking Data 52

Canna Law Blog

DECEMBER 23, 2021

This includes promulgation of cannabis tax guidelines as well as webinars and public forums dedicated to tax compliance for marijuana businesses (together, the “Guidelines”). This IRS effort began last fall when the federal agency added a “ Marijuana Industry ” page to its website, dedicated to tax policy for cannabis companies.

Compliance 83

Compliance Compliance Business Cannabis 83

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. PSCs are categories on an RSF to classify business based on known areas of anti-money laundering compliance issues.

Business 52

Business Marijuana Safety Banking 52

NORML

JUNE 28, 2019

Click here to email your lawmakers in support of banking access. Under state law, adults face civil penalties for minor marijuana possession offenses. Senate Bill 45 would make this policy consistent for juvenile offenders. CA resident? Click here to email your lawmakers in support of expungement expansion. Update : S.

Legislation 108

Legislation Access Decriminalization Patients 108

Cannabis Law Report

JULY 27, 2021

“My diverse career path has allowed me to work across several high-caliber companies, generating development growth in some of the most sophisticated and competitive markets within cannabis, real estate, and investment banking,” said Minor. federal law, nor will it provide a defense to any federal proceeding in the U.S.

Banking 76

Banking Retail Dispensary Compliance 76

Connor & Connor PLLC

NOVEMBER 27, 2019

Like any new or emerging industry, governmental regulations and policies are constantly changing as time progresses. Not only are banks reluctant to lend money to dispensary operators but they are federally prohibited from doing so. You will not be able to work with a bank because marijuana is federally illegal. 2] [link]. [3]

Dispensary 69

Dispensary Retail Recreational Business 69

Cannabis Law Report

APRIL 24, 2019

Let’s begin with the following: STATES Act Becomes Law. The STATES Act passes in Congress, the President signs it and it becomes law which means that in the states where cannabis is legal : Banking system becomes available to cannabis businesses. See The Murky Part of the STATES Act: Tribal Rights ].

Legalization 58

Legalization Collective DEA Banking 58

NORML

APRIL 26, 2019

Legislation is pending, Senate Bill 225, to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. Click here to email your lawmakers in support of banking access. Click here to email your lawmakers in support of medical cannabis access. AL resident? CA resident?

Legislation 145

Legislation Compliance Compliance Hemp 145

Canna Law Blog

FEBRUARY 17, 2023

This lack of research has made it challenging to create evidence-based policy around the legalization of marijuana and has contributed to political resistance to legalizing marijuana at the federal level. As a result, there has been an increase in employment law disputes, such as wrongful termination or discrimination claims.

Banking 80

Banking Legalization Business Cannabis 80

MJ Business Attorneys

JUNE 20, 2018

Last Thursday a bipartisan group of lawmakers lead by Colorado Senator Cory Gardner and Massachusetts Senator Elizabeth Warren proposed the measure that would completely reform federal marijuana policy in America. It is important that marijuana industry operators know the laws of their state, and achieve and maintain strict-compliance.

Banking 100

Banking Compliance Compliance Marijuana 100

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.

Banking 49

Banking Marijuana Media Patients 49

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. We are a bipartisan group, with operations spread across the United States.

Banking 59

Banking Safety Environment Business 59