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Newly Published Paper: Not a SAFE Bet: Equitable Access to Cannabis Banking, An Analysis of the SAFE Banking Act

Cannabis Law Report

According to its sponsors and supporters, the Safe and Fair Enforcement (‘SAFE’) Banking Act would help address the challenges faced by small cannabis businesses that cannot currently access banking services or loans. Date Written: August 11, 2022. Clarify that cannabis criminal records are not an automatic red flag.

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New York Approves 52 Adult-Use Conditional Cultivation Licenses

Cannabis Law Report

Yesterday, the Cannabis Control Board approved 52 adult-use conditional cultivation licenses , which means the approved businesses can start growing cannabis for the upcoming adult-use market. An adult-use conditional cultivator license is valid for no more than two years, expiring at the latest on June 30, 2024. Advisory Board.

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Paper: “Not a SAFE Bet: Equitable Access to Cannabis Banking, An Analysis of the SAFE Banking Act.”

Cannabis Law Report

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.

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Eastern Bankshares, Inc. (“Eastern”) and Needham Bank Enter Into Asset Purchase Agreement For The Transfer of Eastern’s Cannabis Banking Business

Cannabis Law Report

We have spent considerable time reviewing the cannabis banking operation and remain very impressed with how these businesses have been served,” said Bob Rivers, Chief Executive Officer and Chair of the Board of Eastern and Eastern Bank. “We Terms of the transaction, which are not material to Eastern, were not disclosed.

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UK’s Metro Bank Will No Longer Service CBD Clients

Cannabis Law Report

Business Cann reports it is a big blow for the UK sector as they were one of the few in the country that would accept CBD clients… METRO Bank, one of the few institutions in the UK open to working with cannabis-related companies, is now closing its doors to the sector. . Bank Refuses To Comment.

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Louisiana Expands State Medical Marijuana Program

MassRoots

Previously, the number of physicians that were allowed to recommend medical marijuana therapy was limited and so were the conditions that would qualify a person for the program. Federal Law: SAFE Banking Act. Some Senators may need encouragement from you, the constituents, to support the SAFE Banking Act. House Bill 819.

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Louisiana Expands Medical Program and Offers Banking Assurance

Veriheal

However, for patients to qualify for access to medical cannabis, they must have received a diagnosis of at least one of the 14 qualifying conditions that were initially approved under the initial law. The post Louisiana Expands Medical Program and Offers Banking Assurance appeared first on Cannabis Central.

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