Cannabis Law Report

JULY 26, 2021

Our banking practice, through broker-dealer Bradley Woods & Co. Marijuana remains illegal under federal law. The federal government does not recognize marijuana to have any medicinal value. Marijuana cultivation, possession, consumption, sales, and distribution are illegal under federal laws and also certain state laws.

Research and Development 98

Research and Development Cannabinoids Environment Banking 98

NORML

FEBRUARY 22, 2019

The bill clarifies that products made from the resin of the cannabis plant are legal for medical purposes under state law, including extracts, concentrates, oils, tinctures, and edible products, amongst others. Click here to email your lawmakers in support of banking access. IL resident? MD resident? NV resident? WV resident?

Legislation 181

Legislation Hemp Compliance Compliance 181

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 139

Legislation Hemp Patients Compliance 139

NORML

APRIL 20, 2019

AB 1465 (Bloom) would allow licensing of cannabis consumption cafés and lounges in California. Click here to email your lawmakers in support of social consumption lounges. Click here to email your lawmakers in support of banking access. Click here to email your lawmakers in support of social consumption sites.

Legislation 157

Legislation Decriminalization Hemp Compliance 157

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. Legislation is pending, Senate Bill 51, to assist financial institutions in safely conducting transactions with licensed cannabis businesses. CA resident? PA resident?

Legislation 109

Legislation Access Decriminalization Patients 109

Cannabis Law Report

AUGUST 30, 2019

US Senator Mike Crapo (R-ID) , chairman of the Senate Committee on Banking, Housing and Urban Affairs, expressed interest in addressing banking issues facing cannabis businesses operating legally in their states. The SAFE Banking Act (H.R. The SAFE Banking Act (H.R.

Banking 45

Banking Research and Development Legislation Programs 45

Cannabis Law Report

NOVEMBER 22, 2019

Senate Banking Committee Chairman Mike Crapo (R-ID) said that an impeachment trial could delay consideration of cannabis financial services legislation, but no moreso than anything else that requires floor time. These agreements have been criticized because local officials often demand more money than allowed under state law.

Vaping 45

Vaping Research and Development Seed-To-Sale Hemp 45