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

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

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. And Steelton Borough, Pennsylvania passed an ordinance to decriminalize up to 30 grams of cannabis possession. Senate Bill 45 would make this policy consistent for juvenile offenders. DE resident?

Legislation 136

Legislation Hemp Patients Compliance 136

NORML

JUNE 14, 2019

At a more local level, the Cincinnati, Ohio city council approved a measure to decriminalize up to 100 grams of cannabis possession. Update : SB 51 is scheduled for a hearing in the Assembly Banking And Finance Committee on 6/24/19. Click here to email your lawmakers in support of banking access. CA resident?

Legislation 149

Legislation Banking Access Hemp 149

SMPL

JUNE 16, 2020

Edwards also signed a bill to protect banks serving medical cannabis businesses from state penalties ( HB 211 ) and one to protect physicians and medical facilities involved in medical cannabis ( HB 418 ). Considering reaching out to your state legislators about other marijuana policy reforms you care about.

Chronic Pain 40

Chronic Pain Decriminalization Banking Conditions 40

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. Will Banks get a Hit of the Cannabis Industry? Home » Blogs » Will Banks get a Hit of the Cannabis Industry?

Hemp 71

Hemp Business Banking Concentrates 71

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. Click here to email your lawmakers in support of banking access. Click here to email your lawmakers in support of banking access. IL resident? The bill was already approved by the full House.

Legislation 179

Legislation Hemp Compliance Compliance 179

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. NM resident?

Legislation 163

Legislation Hemp Compliance Compliance 163

SpeedWeed

FEBRUARY 19, 2021

Cannabis, however, adds another complicating factor to this dynamic – years of outdated policies stemming from the war on drugs have disproportionately impacted communities of color. Cuomo’s proposal builds on years of work to understand and decriminalize cannabis for adult use.

Programs 40

Programs Legislation Decriminalization Safety 40

SpeedWeed

FEBRUARY 18, 2021

Cannabis, however, adds another complicating factor to this dynamic – years of outdated policies stemming from the war on drugs have disproportionately impacted communities of color. Cuomo’s proposal builds on years of work to understand and decriminalize cannabis for adult use.

Media 52

Media Decriminalization Safety Research and Development 52

Cannabis Law Report

JUNE 26, 2022

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. Successful reviews have included program inventories, policy inventories and enforcement analyses. Job Postings and Internships.

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

Canna Law Blog

MAY 1, 2022

These proposals range from limited decriminalization measures to comprehensive, adult use licensing. These taxes are an easy sell to voters and politicians: the revenues help defray program costs, and can also be allocated to the public weal via police, schools, drug policy initiatives, etc. Talk about laboratories of democracy.

Supply Chain 81

Supply Chain Programs Cannabis Business 81

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. In 2019, Sen. In response to prohibitionist attacks on patients in Florida, Ag.

THC 52

THC Patients Law Chronic Pain 52

Cannabis Law Report

JANUARY 10, 2020

Therefore, the below information is offered as a primer on how to best be prepared for a federal tax bill for a marijuana business, and includes ideas on how to structure a marijuana business in light of current federal tax policy. As drafted, the MORE Act would decriminalize marijuana at the federal level. Keep careful records.

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. It now awaits consideration by the U.S.

Legislation 167

Legislation Decriminalization Hemp Patients 167

NORML

APRIL 5, 2019

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. Senate Bill 45 would make this policy consistent for juvenile offenders. DE resident? IL resident? IN resident?

Legislation 188

Legislation Banking Hemp Compliance 188

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. Let’s see what happens in the Senate in the coming weeks as it deliberates decriminalization. Stay tuned.

Business 52

Business Cannabis Law Decriminalization 52

Cannabis Law Report

JANUARY 10, 2020

Alison Felix , Senior Policy Advisor , Sam Chapman , Associate Economist , and Jordan Bass , Research Associate. v This coincided with changes in enforcement policy from the U.S. This continues to create challenges for marijuana businesses, including access to the payment and banking systems. Conclusion.

Banking 59

Banking Marijuana Collective Recreational 59

Medical Marijuana Program Connection

JULY 24, 2023

var mantis = mantis || []; mantis.push(['display', 'load', { property: '5bbb53a2bcafb20075d8dc64' }]); Cajibio (CNN) — On a recent Friday morning, about 200 coca and marijuana farmers gathered in the small…

Marijuana 52

Marijuana Legalization Agriculture Safety 52

Cannabis Law Report

FEBRUARY 3, 2022

For background, in 2020 Oregon voters passed Ballot Measure 110 , which decriminalizes simple possession of drugs and requires that all growing marijuana tax revenue goes toward drug treatment centers. House Joint Resolution 205 – State Banking. A state bank run by the State of Oregon could provide these financial services.

Banking 52

Banking Legislation Hemp Programs 52

NORML

JUNE 23, 2019

New York state lawmakers approved legislation on Friday to further expand cannabis decriminalization and expunge certain records. Click here to email your lawmakers in support of banking access. Senate Bill 45 would make this policy consistent for juvenile offenders. The bill now heads to the Governor. CA resident? DE resident?

Legislation 188

Legislation Hemp Decriminalization Agriculture 188

NORML

JUNE 28, 2019

New Mexico’s new decriminalization law takes effect this coming Monday July 1. Click here to email your lawmakers in support of banking access. Senate Bill 45 would make this policy consistent for juvenile offenders. Click here to email your lawmakers in support of juvenile decriminalization. CA resident?

Legislation 108

Legislation Access Decriminalization Patients 108

Cannabis Law Report

MARCH 19, 2020

Any deployment of private equity in the cannabis industry requires a serious consideration of business, banking, legal, financial, taxation, securities, and regulatory issues in the relevant jurisdictions. Partner in the Disputes, Regulatory, Advocacy and Policy Practice at the Mumbai office of Cyril Amarchand Mangaldas.

Legalization 59

Legalization Banking Research and Development Nerve Pain 59

Veriheal

MARCH 29, 2022

Cannabis legalization, rescheduling, or decriminalization on a federal level in 2022 is an area where many people have high hopes. So, there is a long road ahead toward decriminalization and legalization in Nebraska. Despite progress in some southern states, there is a long road ahead for cannabis policy reform in these places.

Decriminalization 52

Decriminalization Banking Programs Recreational 52

The Blunt Truth

MAY 23, 2019

has come out in favor of decriminalizing marijuana but has not indicated support for legalization. In other federal news, Treasury Secretary Mnuchin has said he’s open to the idea of legal cannabis banking, but does not think marijuana businesses should be eligible for opportunity zone tax breaks. See you next week!

Banking 61

Banking Decriminalization Topical Hemp 61

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

JUNE 25, 2021

From the South, McKay has a long history of business and civic involvement, serving on community and company boards including US Bank, The Daily Beast, Pike Place Market, Mary’s Place, Pilchuck School of Glass, and Seattle Opera. She trained a team including architects, engineers, and other construction professionals on new policy.

Research and Development 99

Research and Development Media Pets Medicine 99

Cannabis Law Report

DECEMBER 26, 2021

In 2018, he was elected to the board of the Prague 2 municipal district, and he serves as an advisor on the Prague City Council’s Commission for Drug Policy. But Veverka felt this decriminalization was far too limited. With ads from seed banks and grow shops, it took off fast.

CBD 52

CBD Cultivation Advocacy Cannabis 52

Cannabis Law Report

AUGUST 25, 2022

For example, in Texas, a state which continues to resist the decriminalization and regulation of marijuana, possessing two ounces or less of marijuana is punishable by up to 180 days in jail and a $2,000 fine. A Tale of Two States.

Cannabis 52

Cannabis Programs Decriminalization Marijuana 52

Veriheal

FEBRUARY 15, 2022

Opens doors for cannabis banking services. If passed, states would no longer be able to cling to the excuse of federal illegality and would be open to legalizing, decriminalizing, or otherwise reforming cannabis laws at the state level. At this time, the retail giant also began lobbying for cannabis legalization.

Legalization 98

Legalization Legislation Cannabis Retail 98

Veriheal

DECEMBER 1, 2022

CRO Financial Services: The SAFE Banking Act. The SAFE Banking Act was introduced in 2019 and has passed the House seven times, but it still needs to make it to the Senate floor. Throughout the years, the SAFE Banking Act has been revised and is now referred to as the SAFE Banking Plus Act. The Drug Policy Reform Act.

Access 109

Access Banking Policy Legislation 109

The Cannigma

MAY 7, 2021

What I wanted to ask in addition to any of your thoughts on that is, it’s led to a situation where we see something like Can Card come, where civil society has to create solutions to effectively or create defacto, decriminalization for medical patients so that when they can’t have access here, they’re still a little bit safer in accessing it.

Supply Chain 120

Supply Chain Patients Access Hemp 120

The Cannigma

MARCH 12, 2021

There are no payment systems, there’s no banking and cannabis. And I wanted to talk about the prospect of a federal reform from various levels all the way up to full legalization or decriminalization on the federal level. So, for example, payment systems. MSO: It’s something that just struck me right now.

Legalization 128

Legalization Patients Education Dispensary 128

NORML

FEBRUARY 8, 2019

Senator Ron Wyden introduced legislation in the Senate — The Marijuana Revenue and Regulation Act — to permit states to establish their own marijuana regulatory policies free from federal interference. House Financial Services Committee is scheduled to hold a hearing on cannabis business banking issues next week.

Legislation 176

Legislation Decriminalization Patients Access 176

Cannabis Law Report

APRIL 5, 2019

Since Oregon became the first state to decriminalize cannabis in the 1970’s, I have been working to correct the disconnect between federal cannabis policy and the needs and wishes of the American people. This is the highest profile legislation that has broad support on both sides of the capitol.

Banking 59

Banking Policy Legislation Decriminalization 59