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Banks Get Exposed by New York’s Unlicensed Cannabis Dispensaries

Canna Law Blog

Major banks like JPMorgan Chase and Wells Fargo, as well as landlords such as BentallGreenOak and Ashkenazy Acquisition Corp., have found themselves indirectly involved with New York City’s unlicensed cannabis dispensaries, potentially exposing them to legal issues. Signature Bank, Bank of America Corp.,

Banking 72
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Apple Says Yes To Cannabis Apps On Their Store

Cannabis Law Report

A marijuana app must be geo-restricted to jurisdictions where cannabis is legal, and the program must be “submitted by a legal entity that provides the services, and not by an individual developer.”. Apps that encourage consumption of tobacco and vape products, illegal drugs, or excessive amounts of alcohol are not permitted on the App Store.

Vaping 119
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The Week in Weed: April 24, 2020

The Blunt Truth

Among the findings of the report: in some states where cannabis is still illegal, African-Americans are ten times more likely to be arrested than whites, even though consumption rates are practically identical. For more on social equity issues, see our post from February that examines programs around the country. marijuana banking.

Banking 101
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The Economic Impact of the Medical Marijuana Industry: Trends and Projections

MMJ Recs

The establishment of cultivation, processing, and dispensary facilities creates a diverse array of employment opportunities, spanning from agricultural roles to retail positions. Banking and financial restrictions pose challenges for businesses, limiting access to essential services and hindering investment opportunities.

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Understanding Medical Marijuana Laws in California

MMJ Recs

Following Proposition 215, the legal framework surrounding medical marijuana continued to evolve and in 2003, the California State Legislature enacted Senate Bill 420 , also known as the Medical Marijuana Program Act. These include access to banking services, federal prohibition, and ongoing regulatory issues.

Law 52
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In Case You Missed It: Key Marijuana Law Developments in 2022

The Blunt Truth

The moratorium extends to processing and issuing new licenses for: Dispensaries. Retail adult-use cannabis sales begin at 13 existing medical dispensaries across New Jersey. The New York Cannabis Control Board issued for public comment new regulations that would create a Conditional Adult-Use Retail Dispensary License.

Law 111
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Pennsylvania’s Medical Cannabis Legislation Was Recently Amended

Veriheal

Tom Wolf (D) was quoted as saying in an official press release: “It’s been five years since Pennsylvania legalized medical [cannabis], and in that time the Department of Health has examined the program’s successes and challenges and made important recommendations on improving the law. Pennsylvania’s Medical Cannabis Bill: About HB 1024 .