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. JD Supra Release. The Joint Statement.

Hemp 59

Hemp Business Banking Agriculture 59

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

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 136

Legislation Hemp Patients Compliance 136

Otherside Farms

MAY 5, 2020

Banks typically don’t provide loans to cannabis ventures especially, those directly involved with the plant or its derivatives. Generally, the FDIC will not insure a bank that takes on “existential” risks, which include loans to companies in violation of federal law. Most banks are under the federal government.

Business 52

Business Banking Seed-To-Sale Compliance 52

NORML

MAY 24, 2019

Legislation is pending, Senate Bill 34, which would exempt compassionate care programs from paying state cannabis taxes when they are providing free medical cannabis to financially disadvantaged people living with serious health conditions. Click here to email your lawmakers in support of compassionate care programs. Update : S.

Legislation 168

Legislation Hemp Access Patients 168

NORML

MAY 17, 2019

Legislation is pending, Senate Bill 34, which would exempt compassionate care programs from paying state cannabis taxes when they are providing free medical cannabis to financially disadvantaged people living with serious health conditions. Click here to email your lawmakers in support of compassionate care programs.

Legislation 136

Legislation Hemp Compliance Compliance 136

Cannabis Law Report

JUNE 26, 2022

The Drug-Free Schools and Communities Act Amendments of 1989 (the Act) is the main body of law governing the use of controlled substances on college campuses. IHEs are required to certify that they have an AOD prevention program in order to remain eligible for certain forms of federal funding and assistance. Certification Requirements.

Research and Development 52

Research and Development Education Programs Policy 52

Cannabis Law Report

SEPTEMBER 16, 2022

The region has been instrumental in highly regulated industries, such as alcohol and tobacco, and the only federally sanctioned cannabis grow program has operated at the University of Mississippi since the 1960s. Although several Southern states have enacted medical cannabis programs, no states have embraced recreational use of cannabis.

Law 52

Law Programs Cultivation Dispensary 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

DECEMBER 16, 2021

The CDC promoted a policy that prohibits employees from using marijuana while on the job but recognized that a zero-tolerance policy for marijuana use may not be possible, depending on the relevant state law. This program gives New Mexico an edge in the growth of cannabis infrastructure. Loan applications will be available Feb.

Cannabinoids 52

Cannabinoids Retail Policy Cultivation 52

Cannabis Law Report

DECEMBER 12, 2019

Recreational use is becoming legal in a growing number of states. . Thirty-three states have enacted some type of medical marijuana program. Eleven states have legalized the recreational adult-use of marijuana. Compliance with state laws is of little benefit when it comes to federal bankruptcy, banking, and tax codes.

Compliance 59

Compliance Compliance Chronic Pain Banking 59

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. Compliance program.

Compliance 59

Compliance Compliance State Laws Law 59

SMPL

AUGUST 14, 2019

Though ABA specified that it was not taking a position on marijuana legalization generally, it recognized that conflicting federal and state cannabis policies are untenable and have created complications for cannabis businesses operating in compliance with state law.

Policy 40

Policy Research and Development Marijuana DEA 40

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

Attorney General said he’d favor a new bill protecting cannabis businesses and users from federal prosecution as long as they were in compliance with federal law. This measure has broad bipartisan support, as does another that would shield banks doing business with these companies from federal money laundering charges.

Policy 45

Policy Programs Banking History 45

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. Thereafter, Dr. Imani Brown joined DCR as City’s First Social Equity Program Manager working to develop the program further and lend support to its platform. .

Law 59

Law Banking Hemp Retail 59

The Blunt Truth

OCTOBER 29, 2019

While the law set the record straight between hemp and marijuana, it also tasked the US Department of Agriculture (USDA) with promulgating regulations and guidelines to establish and administer a program for the production of hemp in the US. The SAFE Banking Act May Help CBD Industry.

Hemp 45

Hemp Legislation CBD Research and Development 45

Cannabis Law Report

FEBRUARY 4, 2019

WSLCB Enforcement officers will begin working with marijuana retailers to educate staff, check for violations, and take appropriate action to gain compliance. Licenses may apply for a payment waiver if they are able to show good cause by demonstrating they are: In the process of getting a bank account. Have lost their bank.

Topical 65

Topical Packaging Retail Legislation 65

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. There is very little guidance for U.K. On 18 June 2019, the U.K.

Legalization 40

Legalization Banking Compliance Compliance 40

Cannabis Law Report

JUNE 4, 2021

These multi state operators (MSOs) need to take the specific requirements of each state into account in every aspect of their business, from product types offered to how they bank. What are some of the issues that impact an MSO’s ability to access banking? What are multi-state operators?

Banking 87

Banking Supply Chain Dispensary Business 87

Cannabis Law Report

JULY 27, 2019

Franchise programs classically offer benefits of scale that sole proprietors cannot replicate, like training programs, marketing tools and the purchasing power of a larger network that can reduce overhead costs for inventory and supplies. Overarching Risks. Overarching Risks. The Significance of Franchise Status.

Supply Chain 40

Supply Chain Programs Business Retail 40

NORML

APRIL 5, 2019

Legislation has been reintroduced from last year, Senate Bill 34, which would exempt compassionate care programs from paying state cannabis taxes when they are providing free medical cannabis to financially disadvantaged people living with serious health conditions. CA resident? Send a DE resident? FL resident? Update : H. FL resident?

Legislation 188

Legislation Banking Hemp Compliance 188

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. California.

Legislation 167

Legislation Decriminalization Hemp Patients 167

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

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 compassionate care programs. CA resident? CA resident?

Legislation 188

Legislation Hemp Decriminalization Agriculture 188

NORML

APRIL 20, 2019

Senate Bill 34, which would exempt compassionate care programs from paying state cannabis taxes when they are providing free medical cannabis to financially disadvantaged people living with serious health conditions. Click here to email your lawmakers in support of compassionate care programs. CA resident? CA resident?

Legislation 153

Legislation Decriminalization Hemp Compliance 153

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

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

WeedAdvisor

SEPTEMBER 18, 2019

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. The fear of federal repercussions keeps major financial institutions for dealing with these businesses, despite their being compliant with state law. Skipping Ahead. .

Banking 45

Banking Dispensary Legislation State Laws 45

SpeedWeed

MARCH 7, 2021

Now, I understand that Alabama is a relatively newer hemp program. Did the Samson Extracts’ team always want to get involved with the hemp program? Is it very different than the other compliance you’ve had to do for the Department of Agriculture? ‍ Amanda Guerrero: Oh, that’s so exciting.

Extraction 52

Extraction Hemp Data Media 52

NORML

JUNE 28, 2019

Senator Ron Wyden and Congressman Earl Blumenauer introduced legislation to allow for interstate commerce when it comes to state-legal cannabis programs. Governor Janet Mills (D) of Maine signed legislation into law setting rules and regulations for the adult use cannabis market. This week, U.S. California. CA resident?

Legislation 108

Legislation Access Decriminalization Patients 108

Cannabis Law Report

NOVEMBER 14, 2019

We also discuss why advocates have a problem with the SAFE Banking Act, the impediments to wide-spread legalization and the best ways for companies to navigate regulations. You know, are there protections in that state that protect the employee. You know, and then in every state it’s funny because people say, Oh!

Digestion 49

Digestion Law Legislation Programs 49

Marijuana Lawyer Blog

AUGUST 4, 2021

Controlled Substances Act, possession and sale for any reason remains a federal crime – and federal law supersedes state law. marijuana laws, establish funding for restorative justice programs, set federal tax rates for cannabis products and allow individual states to decide whether they want to legalize cannabis or not.

Legalization 52

Legalization Research and Development Banking Recreational 52

Cannabis Law Report

MAY 2, 2019

Institutions must make sure cannabis businesses are not violating state laws or engaging in any other illegal activities. The CCA’s By-Laws can be found here. CCA is not a tracking service and is not a duplication of the state’s track-and-trace system. These are onerous requirements that demand extensive staff time.

Data 45

Data Compliance Compliance Business 45

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

At the state level, Governor Doug Burgum of North Dakota signed a package of bills into law to expand the state’s medical cannabis access program. Days later, the Chief Deputy announced that the cite and release program will be put on hold, without further details. AL resident? CA resident? CO resident?

Legislation 147

Legislation Compliance Compliance Hemp 147

Cannabis Law Report

SEPTEMBER 23, 2019

The Charles Gazette-Mail report… State Treasurer John Perdue is hiring an attorney to assist with his office’s handling of banking services for West Virginia’s medical cannabis program, a show of escalating tension with the district’s federal prosecutor. He brought civil action against hemp farms. However, the U.S.

Programs 55

Programs Banking Business Law 55