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The Week in Weed: June 12, 2020

The Blunt Truth

New Jersey considers decriminalization. The organization sent a letter this week to the SBA asking them to reconsider their policy barring companies that have any dealings with cannabis firms from receiving money under the PPP. Maine recently dropped a residency requirement for ownership of recreational marijuana businesses.

Pets 95
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Summer 2022: A Brief Cannabis Legalization Update

Cannabis Law Report

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.

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Some cannabis firms see ‘disaster’ in federal legalization Says Politico Article

Cannabis Law Report

Two in three Americans live in a state that has approved the sale of recreational weed. 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.

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The Year in Weed: 2019 Edition

The Blunt Truth

In February, we saw the first ever Congressional hearing on cannabis banking. New Jersey failed to pass legislation legalizing recreational marijuana. On the federal level, however, the SAFE Banking Act was approved by the House Financial Services Committee (45-15). The Senate failed to take action on the banking bill.

Banking 71
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NY: CPA & Business Advisory Service Launches Cannabis & Hemp Advisory Practice

Cannabis Law Report

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
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Ten Recommendations for State Cannabis Regulation

Canna Law Blog

These proposals range from limited decriminalization measures to comprehensive, adult use licensing. States tend to start out with medical programs and later adopt recreational programs. What usually happens is that the recreational cannabis market swallows up the medical market. Talk about laboratories of democracy.

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Article: General Counsel’s Corner: Cannabis and the Campus

Cannabis Law Report

Thirty-nine states allow the use of medical marijuana, while 18 states and the District of Columbia permit both medical and recreational marijuana. 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.