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First Circuit Holds the Line Against Cannabis Businesses

Canna Law Blog

The feds never seem to do that; so more importantly, it also means the following will continue to apply to state-licensed cannabis business: punitive taxation under IRC 280E ( big deal ), banking headaches ( not as big a deal ), and SBA loan ineligibility (frustrating). Supreme Court precedent from a 2005 case, Gonzales v.

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The Rise of Anti-Legalization Efforts

Veriheal

These efforts include federal rescheduling and the SAFER Banking Actthe latter of which seeks to allow legal cannabis dispensaries and businesses to access services like bank accountswhich most other businesses can access with no issues.

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Marijuana Legalization Measures Gaining Momentum In Several States

NORML

Lawmakers in several states have recently moved forward legislative proposals to either legalize or decriminalize marijuana-related activities. DECRIMINALIZATION: Hawaii : House members approved HB 1383 , which removes criminal penalties for minor marijuana possession offenses (up to three grams) and expunges past criminal convictions.

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Weekly Legislative Roundup 1/18/20

NORML

At the state level, a new decriminalization law took effect this week in Hawaii involving the possession of up to three grams of marijuana, as well as a procedure for expungement of past convictions for the same amount. Legislation is pending, A1897, to decriminalize the possession of small amounts of marijuana. NJ resident?

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Weekly Legislative Roundup 4/5/19

NORML

Governor Michelle Lujan Grisham (D) of New Mexico signed cannabis decriminalization legislation into law. An Arkansas House committee defeated a decriminalization bill this week to send it to study. Click here to email your lawmakers in support of banking access. Click here to email your lawmakers in support of banking access.

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The Week in Weed: December 3, 2021

The Blunt Truth

Yet another industry comes out in favor of marijuana banking. cannabis banking. We reported earlier that many of the nation’s governors support banking reform for the marijuana industry. Those most in favor of legalization are reluctant to allow banking without some move on federal decriminalization.

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Weekly Legislative Roundup 3/29

NORML

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. It now awaits consideration by the U.S.