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CPA Journal Article: “Providing Services to the Marijuana Industry”

Cannabis Law Report

This conflict between federal and state law has raised concerns among CPAs providing services to the marijuana industry. States Legalizing Marijuana. Barr also noted that Congress needs to make a decision as to whether federal law should be changed or followed. 15, 2019, [link] ).

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Chuck Schumer Just Released the Details of His Long Awaited Federal Weed Legalization Bill

SpeedWeed

Federal law enforcement would no longer be able to bust people for weed-related crimes, unless they were in violation of state law. Legal weed businesses would be able to open bank accounts, access loans, or list on the US stock market. Anyone wishing to comment can send an email to [email protected] by September 1.

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Federal Legalization – Then What?

Cannabis Law Report

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 ].

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New Kid on the Block: States Reform Act

Canna Law Blog

This includes bills on banking (see the SAFE Banking Act , which has passed the House no less than five times) and overall federal legalization (see the MORE Act as well as its sister Senate legislation, the Cannabis Administration Opportunity Act (“CAOA”)). The enforcement role moves from DEA to ATF.

DEA 88
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Further Consideration of the STATES Act

Cannabis Law Report

Congress could pass a law that would legitimate marijuana activities, but only to the extent an individual or commercial enterprise acts within the letter of state law. The DEA has made previous requests–in 2001 and 2006–to the FDA for an evaluation of marijuana. Emphasis added).

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Schumer Introduces Legislation “Cannabis Administration & Opportunity Act” … Everybody Has An Opinion

Cannabis Law Report

“Closing the door on broadly supported incremental reforms like the SAFE Banking Act while the Senate seeks compromise on farther-reaching bills hurts the possibilities for consensus and ignores the very real needs of small business operators who have repeatedly said that access to banking services and traditional lending is an existential issue.

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Here?s where the 2020 Presidential Candidates Stand on Cannabis

The Joint Blog

Application of the law is applied to persons who own, nurture, or distribute cannabis in enormous quantities. State Law The law on cannabis use varies from state-to-state and penalties differ depending on the gravity of the violation. Let us take a look at some California state laws.