Cannabis Law Report

DECEMBER 1, 2021

Since the United States classifies cannabis as a Title IV drug, the banking industry is unwilling and unable to provide services to cannabis operations. That leaves dispensaries managing and protecting massive sums of cash, and the stores cannot offer a modern retail payment system to the consumer. SuperNet has a solution.

Banking 52

Banking Dispensary Wellness and Beauty Retail 52

MMJ Recs

MAY 5, 2024

Per California law, patients must meet a set of certain requirements to become eligible to obtain and use marijuana legally with a doctor’s recommendation. However, recreational use has also recently been legalized in California but it remains illegal under federal law. However, selling marijuana without a license remains illegal.

Law 52

Law Marijuana Cultivation Patients 52

Canna Law Blog

FEBRUARY 28, 2022

Guidance on banking and MRBs. Department of Justice on “Marijuana Related Financial Crimes” was rescinded in 2018 , the FinCen Memo has been the only game in town for federal banking guidance. But banks don’t really use that. Cannabis dispensaries, cultivators, processors and testing facilities all fall under this definition.

Banking 98

Banking Business Marijuana Hydroponic 98

Cannabis Law Report

JUNE 10, 2020

March 13 2020 Tulsa world reported… A Tulsa-area dispensary faces a federal lawsuit from Bank of Oklahoma alleging trademark infringement. In a Wednesday filing in … Read More.

Banking 113

Banking Dispensary Law Cannabis 113

Cannabis Law Report

JULY 28, 2021

With Democrats in control of the White House and Congress (at least until the 2022 midterm election), the question remains as to whether this is the year that the federal government enacts meaningful cannabis banking reform. As a refresher, in March 2019, the Secure and Fair Enforcement (SAFE) Banking Act, or H.R.

Banking 105

Banking Safety Business Legislation 105

WeedAdvisor

OCTOBER 11, 2019

While the SAFE Banking Act makes its way through the legislative process in the U.S., banks remain nervous about involving themselves in the industry. connections, major Canadian banks are starting to close their doors to cannabis clients, leaving many of them scrambling in a cash-only dilemma. He told the St.

Banking 66

Banking Dispensary Legislation Business 66

Cannabis Law Report

DECEMBER 2, 2021

Treasury Secretary Janet Yellen said she supports allowing legal cannabis dispensaries to access the US banking system — where they’re now largely barred — to make it easier for the government to collect tax revenue. Yes, of course it would,” the Treasury secretary replied.

Collective 52

Collective Banking Access Dispensary 52

MassRoots

JULY 28, 2020

One of the most important pieces of cannabis related legislation, the Secure and Fair Enforcement Banking Act ( SAFE Banking Act ), has the chance to be included in the next round of COVID-19 relief legislation in the United States. Tell them to support the inclusion of the SAFE Banking Act. Don’t wait.

Banking 66

Banking Legislation Business Programs 66

Cannabis Law Report

JULY 26, 2021

Due to laws at the Federal level restricting the presence of banks within the cannabis sector, merchants and businesses have long struggled to offer convenient payment mechanisms to their shoppers – many of whom are used to paying online but often can’t when it’s a cannabis store. SOURCE RocketFuel Blockchain Inc.

Dispensary 105

Dispensary Banking Events Cannabis 105

Cannabis Law Report

FEBRUARY 18, 2020

Senate Banking Committee Chair Mike Crapo to oppose legislation that would allow financial institutions to provide banking services to the marijuana industry. Crapo for his leadership in introducing a public health perspective to the issue of banking for the marijuana industry. A dozen Republican members of the U.S.

Banking 76

Banking Legislation Marijuana Vaping 76

MMJ Recs

JULY 25, 2021

Pennsylvania dispensary laws can be somewhat confusing for first-time visitors and new MMJ patients. Dispensaries have only been open for business in Pennsylvania since 2018, so the Keystone State has a lot of relatively new MMJ patients. Do Pennsylvania dispensaries accept credit cards? Why are PA dispensaries cash only?

Dispensary 52

Dispensary Banking Patients Conditions 52

Veriheal

JANUARY 28, 2022

Researchers told the internet to temper its expectations after a CBD and COVID-19 study went viral, Amazon backed a GOP-led bill to federally legalize cannabis, and a mother-daughter pair sparked a debate about Girl Scouts selling outside of dispensaries. Simply put, you can’t just buy a COVID cure at your nearest dispensary.

Dispensary 98

Dispensary Clinical Trials CBD Legalization 98

The Blunt Truth

JUNE 13, 2022

It has already been a busy year for marijuana law! The moratorium extends to processing and issuing new licenses for: Dispensaries. Creates a three-member commission and cannabis office to implement and administer cannabis laws. The statute became law without a gubernatorial signature. Development. May 26, 2022.

Law 111

Law Marijuana Legislation Retail 111

Burns Levinson (Cannabusiness advisory)

APRIL 20, 2022

Segall and Scott Moskol of Burns & Levinson, and Terry Neeley of West Coast AML Services, a top compliance advisor to cannabis lenders, will address how cashless ATMs and blockchain payment options may violate credit card company policies and expose dispensary operators, customers, and their banks to potential claims.

Events 89

Events Law Business Banking 89

Veriheal

MARCH 23, 2021

Jim Patterson, the former head of the Eaze cannabis delivery company , has pleaded guilty to committing bank fraud while he was still active as CEO. Why Commit Bank Fraud? If you’ve been to a dispensary recently, you might have noticed that you were unable to use your credit or debit card to pay for your purchases.

Banking 52

Banking Business Dispensary Cannabis 52

Cannabis Law Report

JULY 26, 2021

RocketFuel (OTC: RKFL) (“RocketFuel” or the “Company”), a global provider of one-click online payment options using Bitcoin and 50+ other cryptocurrencies, today announced that it will be making its payment solution available to be used by licensed cannabis dispensaries and merchants.

Dispensary 105

Dispensary Banking Access Data 105

Cannabis Law Report

MARCH 4, 2022

Dispensaries are becoming more common and this is good news for anyone who is thinking about going into the marijuana business, but for the U.S. So if you’re thinking about jumping on this trend and starting a marijuana dispensary, here are some of the things you need to consider first. states started to legalize it. economy as well.

Dispensary 59

Dispensary Marijuana Banking Business 59

PrestoDoctor

APRIL 26, 2021

One option is buying from a local dispensary, but ordering online will give you access to many more options. . The range of seeds available at a local dispensary could be limited and ordering online will usually extend your range of choices greatly. Often known as the original seed bank and well known in the market.

Banking 52

Banking Cultivation Seed-To-Sale Marijuana 52

PrestoDoctor

APRIL 26, 2021

One option is buying from a local dispensary, but ordering online will give you access to many more options. . The range of seeds available at a local dispensary could be limited and ordering online will usually extend your range of choices greatly. Often known as the original seed bank and well known in the market.

Banking 52

Banking Cultivation Seed-To-Sale Marijuana 52

Greenspoon Marder Cannabis Law Group Blog

MARCH 28, 2019

By: Rachel Gillette , Partner and Cannabis Law Practice Chair. The SAFE Banking Act is sponsored by Reps. and would allow banks and credit unions to work with growers, dispensaries and other marijuana-related businesses. Ed Perlmutter (D-Colo.) and Denny Heck (D-Wash.) Ed Perlmutter (D-Colo.) and Denny Heck (D-Wash.)

Banking 40

Banking Business Legislation History 40

Veriheal

AUGUST 14, 2023

In a recent controversial move, Mastercard issued a directive to United States banks, ordering them to block cannabis purchases on its debit cards. This new mandate struck a chord because, unlike credit cards, debit cards are linked directly to an individual’s bank account.

Banking 98

Banking Dispensary Cannabis Recreational 98

Cannabis Law Report

MAY 25, 2022

There’s been a string of robberies affecting Washington State cannabis dispensaries, culminating in three deaths over just four days in March. As if it weren’t hard enough to find good help right now, cannabis dispensaries are looking at paying hazard wages after one cannabis store employee was killed during a recent armed robbery.

Business 52

Business Law Banking Dispensary 52

SpeedWeed

APRIL 20, 2021

Cannabis banking reform deposited another decisive victory in the U.S. In the last Congress, the lower chamber overwhelmingly passed a standalone version of SAFE Banking in 2019, and then House members passed the measure two more times as part of federal coronavirus relief bills in 2020. 14, according to Willamette Week.

Banking 52

Banking Legislation Safety Access 52

Cannabis Law Report

OCTOBER 4, 2021

Green Market Report… Cannabis attorney David Feldman has formed a new law firm, Feldman Legal Advisors, PLLC. In a recent win, in May 2021 the firm negotiated the sale of Keystone Canna Remedies, a 3-dispensary group in Pennsylvania, to multistate operator TerrAscend Corp. Launch-Press-Release-Feldman-Legal-Advisors.

Law 98

Law Digestion Cannabis Business 98

Medical Marijuana Program Connection

APRIL 19, 2024

Yes, there is a New Jersey legal weed dispensary near you. It may not be in your town, but it’s probably in your county. In most parts of the state, you should have one within a half-hour drive at the most. And in some places — like Somerset, Mount Holly. Read More

Dispensary 49

Dispensary Edibles Vaping Legalization 49

Cannabis Law Report

JUNE 21, 2021

Here’s their letter to the Chair and Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee. The inability of these state-legal entities to bank their significant cash reserves is an issue of public safety. In Yellowstone County, two medical marijuana dispensaries were burglarized on the same day in March.”.

Banking 66

Banking Legislation Safety Dispensary 66

WeedAdvisor

SEPTEMBER 18, 2019

Things are looking good for state medical and recreational dispensaries as a game-changing bill gains support in the U.S. According to Forbes , one third of the Senate now supports the SAFE Banking Act, a bill that would provide dispensaries access to critical financial services. Significant Outside Support. .

Banking 45

Banking Dispensary Legislation State Laws 45

The Blunt Truth

NOVEMBER 18, 2021

Several governors called on Congress to pass a marijuana banking bill. West Virginia opens its first medical cannabis dispensary. Almost half the country’s governors signed a letter calling on Congress to pass a marijuana banking law. west virginia mmj dispensary. clemency. republican cannabis bill.

Banking 110

Banking Dispensary Decriminalization Legalization 110

SpeedWeed

APRIL 3, 2021

As expected, the SAFE Banking Act has officially been reintroduced in Congress. If this passes, banks and financial institutions will be legally allowed to conduct business with state legal cannabis companies. Let’s take a look at the potential real world impacts that this new law may have on cannabis businesses across the country.

Banking 52

Banking Business Access Cannabis 52

WeedAdvisor

JUNE 10, 2019

If passed, this bipartisan bill would demolish an obstacle that has plagued banks and dispensaries alike. Due to the clashes between laws in legal states and federal laws – which maintain that marijuana is illegal – banks fear federal prosecution if they handle money from otherwise legal dispensaries.

Banking 49

Banking Dispensary Legislation Decriminalization 49

Cannabis Law Report

MARCH 5, 2022

Cannabis dispensary owners and employees are hoping to see a decrease in armed robberies with the passage of a bill imposing stricter penalties for offenders. The bill proposes increasing the standard sentence range by 12 months for those found guilty of robbing a dispensary. Kitsap Daily News reports.

Legislation 98

Legislation Business Banking Dispensary 98

Cannabis Law Report

JULY 8, 2021

In exclusive comments to Green Market Report , Jason Wilson, cannabis banking and research expert at ETFMG (NASDAQ: MJ), which issues the ETFMG Alternative Harvest exchange-traded fund, has given his opinion about the industry for the rest of 2021. The comments are overwhelmingly positive. .

Banking 111

Banking Cannabis Legalization Legislation 111

The Blunt Truth

FEBRUARY 10, 2023

The SAFE Banking act makes yet another appearance on the legislative stage. And finally, if you’re looking for a dispensary/bar/bakery combo, this store in Illinois has you covered. The SAFE Banking band is back together: Sens. The Okay Dispensary in Wheeling, Illinois combines a cannabis dispensary, a bar and a bakery.

Banking 97

Banking Legislation Dispensary Topical 97

Greenspoon Marder Cannabis Law Group Blog

AUGUST 26, 2019

The guidance offers reassurance to credit unions following the 2018 Farm Bill, which federally legalized hemp, but failed to address banking in the hemp industry, leaving the banking industry uncertain as to their capacity to legally serve the industry. I’ve seen dispensary employees have their bank accounts shut down.

Banking 40

Banking Hemp Marijuana Events 40

SpeedWeed

FEBRUARY 15, 2019

Six years after introducing the Secure and Fair Enforcement (SAFE) Banking Act, a cannabis banking reform measure, co-author Denny Heck finally saw it enjoy its first committee hearing in Congress on Wednesday. Here’s How Cannabis Companies Are Banking Legally on the Down Low. “We are all late,” Rep. .”

Banking 53

Banking Dispensary Safety Seed-To-Sale 53

Cannabis Law Report

DECEMBER 30, 2019

If Nasdaq.com are re-distributing a Motely Fool piece on the state of cannabis banking then we’d suggest it is probably worth heeding what’s being said. In other words, it’d open the door for banks to offer lines of credit, checking and savings accounts, and traditional loans, to U.S. That’s only 8.4%

Banking 64

Banking Business Cannabis THC 64

WeedAdvisor

MAY 22, 2019

Banking and the cannabis industry have a somewhat hands-off relationship. banks are skittish about doing business with dispensaries in legal states. Even taxes cannot be paid electronically through a bank, forcing owners to literally hand massive amounts of cash to the IRS every year. Gavin Newsom to become law.”.

Banking 45

Banking Business Legalization Marijuana 45