Cannabis Law Report

AUGUST 10, 2022

Thirty-eight states have either decriminalized cannabis or enacted laws authorizing its use for medical or recreational adult use. [1] Some advocates are still pushing to pass the SAFE Banking Act, allowing banks insured by the FDIC to serve cannabis businesses without fear of violating federal law.

Legalization 52

Legalization Banking Legislation Compliance 52

The Blunt Truth

JUNE 11, 2020

New Jersey considers decriminalization. The American Bar Association would like to change that, at least for those law firms that advise cannabis companies. Legislators introduced a decriminalization bill this week that would remove criminal penalties for crimes involving possession of less than one pound of marijuana.

Pets 95

Pets Decriminalization Banking Programs 95

NORML

MARCH 8, 2019

This week, a bipartisan coalition of more than 100 co-sponsors has reintroduced legislation in Congress, The Secure and Fair Enforcement Banking Act (SAFE Banking Act), HR 1595, to allow state-licensed marijuana-related businesses to engage freely in relationships with banks and other financial institutions. AL resident?

Legislation 171

Legislation Patients Access Seed-To-Sale 171

Otherside Farms

MAY 5, 2020

and decriminalized in many others. This trend of decriminalization means the market is prime for those looking to start weed businesses. Banks typically don’t provide loans to cannabis ventures especially, those directly involved with the plant or its derivatives. Most banks are under the federal government.

Business 52

Business Banking Seed-To-Sale Compliance 52

Cannabis Law Report

SEPTEMBER 22, 2022

As of this writing, 18 states, the District of Columbia, Guam and the Northern Mariana Islands have legalized marijuana for recreational use, and another 13 states have decriminalized the use of marijuana. Thirty-six states have legalized medical marijuana and there are over a dozen other states where legalization legislation is pending.

Business 52

Business Legalization Law Supply Chain 52

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. Governor Ron DeSantis (R) of Florida signed legislation into law to restore patients’ right to smoke medical cannabis. Under state law, adults face civil penalties for minor marijuana possession offenses.

Legislation 136

Legislation Hemp Patients Compliance 136

The Blunt Truth

DECEMBER 26, 2019

In February, we saw the first ever Congressional hearing on cannabis banking. On the federal level, however, the SAFE Banking Act was approved by the House Financial Services Committee (45-15). On to July, when the Senate Banking Committee had a hearing on cannabanking. The Senate failed to take action on the banking bill.

Banking 71

Banking Hemp Agriculture Seed-To-Sale 71

Cannabis Law Report

DECEMBER 23, 2019

PUBLISHER: CANNABIS LAW REPORT. Tell Senator Crapo that a 2% THC cap is unacceptable and that banking reform can’t wait. We agree banking reform cannot wait. The denial of access to banking to the cannabis industry – legal or illegal – is simply stupid. AUTHOR: aBIZinaBOX Inc. CPAs – Jordan S.

Banking 59

Banking Access Decriminalization Legislation 59

The Blunt Truth

SEPTEMBER 3, 2020

Assembly Bill 1525 allows cannabis banking under California state law. The bill would decriminalize cannabis and expunge the criminal records of nonviolent marijuana offenders. It’s been a busy week for the Golden State. The legislature approved two marijuana measures. the more act. elephants and cbd.

DEA 98

DEA CBD Banking Edibles 98

Cannabis Law Report

MAY 11, 2022

The First Circuit gave strong indications Thursday that it would strike down a Maine law that says only in-state residents can own for-profit medical marijuana dispensaries. Maine’s defense of the law hinges on marijuana’s continued status as illegal at the federal level, saying this means there can be no national market for cannabis.

Dispensary 52

Dispensary Decriminalization Banking Law 52

SpeedWeed

MARCH 6, 2021

Mike Crapo (R-ID), then chair of the US Senate banking committee, indicated he was considering a 2% THC cap on cannabis products produced or sold by businesses that want secure financial services under the SAFE Banking Act, which is still in motion. That cap was quickly abandoned and the law was amended,” Armentano noted.

THC 52

THC Patients Law Chronic Pain 52

NORML

FEBRUARY 22, 2019

At the state level, the North Dakota House of Representatives defeated a decriminalization bill on the House floor by a narrow 43-47 vote. Arizona Governor Doug Ducey signed legislation into law this week permitting the production of industrial hemp in accordance with the new federal regulations. AZ resident? Connecticut. CT resident?

Legislation 179

Legislation Hemp Compliance Compliance 179

Cannabis Law Report

AUGUST 20, 2022

One theory is that many investors in publicly traded MSOs speculated that by now, Congress would have at least passed a bill to decriminalize the plant or would have passed the SAFE Banking Act to ease cannabis businesses’ access to banking services.

Wellness and Beauty 52

Wellness and Beauty Banking Decriminalization Data 52

Cannabis Law Report

MAY 5, 2022

Cannabis was decriminalized in Trinidad and Tobago in 2019, and people can possess up to 30 grams of cannabis and cultivate up to 4 plants on their own property. He said the bill will allow individuals entering the cannabis industry to become bankable, without any risk of correspondent bank failure. dispensary. import license.

Decriminalization 52

Decriminalization Banking Cultivation Consumption 52

NORML

FEBRUARY 1, 2019

Manor Township, Pennsylvania is considering a proposal that would decriminalize cannabis possession. Legislation is pending, House Bill 2555, to decriminalize small amounts of marijuana possession. Click here to email your lawmakers in support of decriminalization. Click here to email your lawmakers in support of banking access.

Legislation 165

Legislation Decriminalization Access Patients 165

NORML

AUGUST 19, 2019

The MORE Act, which was introduced to the US Congress last month, would completely decriminalize marijuana at the federal level. With marijuana off federal scheduling, individual states can decide for themselves how they’ll reform their weed laws, if they reform them at all. On July 23, Rep. ” “Mr.

Policy 277

Policy Marijuana Legislation Programs 277

Cannabis Law Report

MARCH 17, 2020

These numbers are likely to increase substantially in the next few years as more than half the states have pending legislation legalizing cannabis for some use or decriminalizing the drug. There has been some relief for the industry as some regional banks and credit unions have begun offering financial services to cannabis businesses.

Legislation 45

Legislation Legalization Banking Decriminalization 45

Cannabis Law Report

SEPTEMBER 26, 2021

What has evolved in the policy gap with federal law over the past decade is a patchwork of state-sanctioned fiefdoms where cannabis markets have largely developed locally and extend just to the border. Two in three Americans live in a state that has approved the sale of recreational weed.

Legalization 52

Legalization Decriminalization Banking Policy 52

Cannabis Law Report

OCTOBER 28, 2019

With the decriminalization of cannabis in Canda, as well as the United States of America, the world is about to witness a new world order. In fact, more than anything else, the legalization of cannabis has led to a boom in financial reserves for the countries and states that have decriminalized its use. . The Change In Tax Generation.

Decriminalization 65

Decriminalization Seed-To-Sale eCommerce Banking 65

Cannabis Law Report

OCTOBER 7, 2021

Have you been working with the representatives and/or any other parties to put the legislation together and we’d be especially interested to know if you have worked with any lawyers or law firms on the proposed legislation? No, we have not. Do you feel that Florida should be looking at these sorts of proposals too?

Legislation 105

Legislation Research and Development Treatment Therapy 105

Cannabis Law Report

MARCH 13, 2019

tax code; banking procedures; accounting policies and procedures; licensing; operating policies; outsourced accounting; referrals to ancillary service providers; and general business consulting. Hemp is legal in all 50 states, while cannabis is currently illegal under Federal law. Will Banks get a Hit of the Cannabis Industry?

Hemp 71

Hemp Business Banking Concentrates 71

The Blunt Truth

FEBRUARY 14, 2019

Possibly the biggest news this week was the first ever Congressional hearing on cannabis banking. The committee memorandum has a great graphic of state marijuana laws – only three states allow no marijuana consumption in any form. In New York , those in favor of legalization are pushing for changes to Gov.

Banking 40

Banking Decriminalization Consumption State Laws 40

Veriheal

JANUARY 8, 2021

Under federal law, cannabis is a scheduled one controlled substance with no medical value and a high addiction rate in the United States of America. Even though many states have gone against federal law and legalized cannabis, investing in this industry is still considered risky. Investing in Cannabis Has Always Been Hit or Miss.

Medicine 52

Medicine Decriminalization Therapy Recreational 52

Canna Law Blog

SEPTEMBER 21, 2022

Among the problems marijuana businesses face such as lack of access to banking and onerous taxation stemming from IRC 280E is the lack of access to bankruptcy proceedings. A short time later, Michigan decriminalized marijuana, which increased competition, and caused the business to fail. Chapter 7 Bankruptcy.

Marijuana 66

Marijuana Business Access Decriminalization 66

NORML

FEBRUARY 15, 2019

The House Financial Services subcommittee on Consumer Protection and Financial Institutions held a hearing Wednesday to address the lack of access to basic banking services by state-legal marijuana businesses. ” At a more local level, the decriminalization policy in Dayton, Ohio went into effect this week. MT resident?

Legislation 163

Legislation Hemp Compliance Compliance 163

Cannabis Law Report

MARCH 7, 2019

Lawmakers in 2017 passed a law carrying out the legalization of medical marijuana approved by 71 percent of voters in 2016, but it barred patients from access to smokable marijuana, restricting them to oils and baked goods. Decriminalization Legislation Introduced in Texas. Governor Mark Gordon Signs Hemp Bill Into Law.

Digestion 56

Digestion Chronic Pain Hemp Legislation 56

Nature's Way Medicine

MARCH 5, 2021

Right now the businesses are unable to use banks and are paying cash to the federal government. New Jersey already had a medical marijuana law but now patients can use it for nonmedical reasons. The Missouri Supreme Court made a chilling comment to attorneys practicing law there. “In That is progress for the conservative state.

Sleep 76

Sleep Patients Cannabis THC 76

SpeedWeed

JULY 6, 2021

In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Kevin Hart, CEO and Founder of Green Check Verified , a leading provider of cannabis banking solutions and expert advisory services for financial institutions. It’s verified, and that money can enter the US banking system. How does that money?

Banking 52

Banking Seed-To-Sale Supply Chain Compliance 52

Cannabis Law Report

MAY 4, 2019

When major states of the United States started decriminalized marijuana, Illinois did not stand back. So, getting the law set for medical marijuana took quite some time. In 2016, Illinois decriminalized possession of pot. With each passing year, the medical marijuana law is getting steadier.

Marijuana 45

Marijuana Decriminalization Epilepsy Dispensary 45

Canna Law Blog

MAY 1, 2022

These proposals range from limited decriminalization measures to comprehensive, adult use licensing. As a business proposition, it becomes more efficient to ignore state and local laws, and continue offline in a relatively low-risk environment. Politicians founds those features distasteful and changed them before the law took effect.

Supply Chain 81

Supply Chain Programs Cannabis Business 81

Cannabis Law Report

APRIL 13, 2022

Indeed, just days before the approval of New York’s Budget, the House of Representatives voted to decriminalize marijuana, and Senator Schumer indicated he would be introducing a similar bill in the Senate later this month. However, New York’s Tax Law does not conform to the Code in all respects. Section 280E. Conformity vs Decoupling.

Business 52

Business Cannabis Law Decriminalization 52

Cannabis Law Report

JUNE 26, 2022

1 Despite what would appear to be increasingly lawful access to cannabis, it is still classified by U.S. law as a Schedule I Controlled Substance, 2 which means that its possession, sale or use is prohibited by federal law, even in those states whose laws have decriminalized the use of cannabis.

Research and Development 52

Research and Development Education Programs Policy 52

Cannabis Law Report

JANUARY 7, 2019

That lets us dispense, to use another pun, with all the areas where cannabis enjoys not-quite-official status – no-enforcement zones, decriminalized areas, and so on. Cryptocurrencies have demonstrated, via their blockchain technology, that they present a viable alternative for folks unwilling or unable to secure traditional banking accounts.

Banking 40

Banking Cannabis Legalization Dispensary 40

Cannabis Law Report

JANUARY 10, 2020

One such pain for marijuana businesses is the tension between following state laws on a product that is still illegal at the federal level. Documentation of expenses can be difficult since banks do not want to be seen aiding and abetting federally illegal activity, but it is not impossible to keep good records. Know your local laws.

Marijuana 45

Marijuana Business Decriminalization Legislation 45

NORML

MARCH 29, 2019

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. House Judiciary Committee.

Legislation 167

Legislation Decriminalization Hemp Patients 167

NORML

APRIL 5, 2019

This Act amends the Controlled Substances Act to reduce the number of instances in which federal law enforcement agencies could carry out legal actions against state-licensed cannabis businesses or other related enterprises. Governor Michelle Lujan Grisham (D) of New Mexico signed cannabis decriminalization legislation into law.

Legislation 188

Legislation Banking Hemp Compliance 188

Cannabis Law Report

JANUARY 13, 2020

The cannabis plant (“marijuana”) remains a Schedule I drug under federal law, despite the increasing number of states legalizing cannabis. It has long been held that no human can lay claim to nature’s handywork, such as natural phenomena, laws of nature, abstract ideas, and other basic building blocks on which all inventions rest. [3]

Extraction 59

Extraction Collective Supply Chain Strains 59