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. The session ends on March 10.

Legislation 98

Legislation Business Banking Dispensary 98

The Blunt Truth

MAY 15, 2020

The big news this week is that cannabis banking is included in the latest federal relief bill. cannabis banking. Whether the Senate will retain this language, considering that they have taken no action on the SAFE Banking Act, is not certain. SBA funds, however, are not. There’s also lots of state news. ” sba loans.

Banking 106

Banking Research and Development Programs Advocacy 106

Veriheal

APRIL 17, 2025

Groups like SAM claim to work in the interest of public health and safety first and foremost, perhaps to distance themselves from the prejudicial roots of anti-legalization in the past. Youngkin vetoed it based on addiction prevention and public health safety. The organizations current motto is Preventing the Next Big Tobacco.”

Legalization 76

Legalization Access Policy Banking 76

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

Connor & Connor PLLC

MAY 12, 2025

Due to the federal status of cannabis, many traditional financing options, such as bank loans, are unavailable to cannabis businesses. Cannabis Research/Testing License: For labs involved in testing cannabis products for safety and quality. Cannabis Retail or Dispensary License: For businesses selling cannabis directly to consumers.

Business 52

Business Compliance Compliance Retail 52

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 Recreational Cannabis 98

Veriheal

OCTOBER 12, 2020

The industry is saturated with regulations and restrictions, many of which lead to significant security risks such as having large sums of cash on site of dispensaries due to the lack of banking access within the industry. However, this isn’t the route they have taken to victimize dispensary employees and owners in most cases.

Dispensary 98

Dispensary Safety Banking Business 98

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 196

Legislation Decriminalization Hemp Patients 196

WeedAdvisor

SEPTEMBER 21, 2019

With cannabis reform sweeping across the country, measures life the SAFE Banking Act are welcome by many financial institutions and members of the cannabis industry. This will certainly open up a world of opportunity, safety and convenience to beleaguered dispensaries everywhere. Good Bill, Poor Timing. . Not Likely to Change.

Banking 49

Banking Advocacy Legislation Dispensary 49

Cannabis Law Report

JUNE 22, 2021

Banking Dive reports on what seems a very light sentence (we think) compared to some of the sentences we’ve recently seen handed out to illegal grow house minders or street dealers around the country. banks and credit unions into processing cannabis sales. banks and credit unions into processing cannabis sales.

Banking 85

Banking Legislation Dispensary Cannabis 85

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. IA resident?

Legislation 194

Legislation Patients Access Seed-To-Sale 194

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. Skipping Ahead. .

Banking 45

Banking Dispensary Legislation State Laws 45

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. Thursday, June 17, 2021. Washington, D.C. Oregon’s U.S. Senator Jeff Merkley and U.S.

Banking 51

Banking Legislation Safety Dispensary 51

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. Allows licensed dispensaries to sell edible cannabis and cannabidiol products. This was a big week for marijuana in Congress.

Legislation 186

Legislation Hemp Compliance Compliance 186

The Blunt Truth

APRIL 23, 2020

Earl Blumenauer (D-OR) and Ed Perlmutter (D-CO) just introduced the Emergency Cannabis Small Business Health and Safety Act in the House of Representatives. marijuana banking. Ed Perlmutter (D-CO) is optimistic that cannabis banking could make its way into one of the next two relief packages. See text of bill here.

Banking 101

Banking Packaging Programs Legislation 101

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. Update : HB 1383 was heard and approved by the Committees on Judiciary and Public Safety, Intergovernmental, and Military Affairs on 3/19. Click here to email your lawmakers in support of banking access.

Legislation 159

Legislation Hemp Patients Compliance 159

Cannabis Law Report

MARCH 5, 2020

State budget forecasters are banking on a robust kickoff, however, estimating $5 million in sales by the end of the month. State licenses health and safety testing labs. Says the Press Herald. The article adds. Maine is planning to have its first recreational marijuana shops open in June, three months later than expected.

Dispensary 59

Dispensary Safety Conditions Banking 59

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

Illinois News Joint

DECEMBER 17, 2024

In the absence of federal banking standards for the cannabis industry, the Illinois Department of Commerce and Economic Opportunity (DCEO) has grant and loan programs to support small businesses, but its not sufficient to support needed growth. EXPANDING ACCESS Too many consumers do not have easy access to legal cannabis dispensaries.

Legalization 98

Legalization Dispensary Programs Hemp 98

Cannabis Law Report

JULY 23, 2019

The Washington Times reports………Nevada officials are launching the nation’s first banking system for the booming cannabis industry, whose dispensaries increasingly are targeted for burglaries and robberies for the hundreds of thousands of dollars of cash they keep on hand to pay employees, taxes and rent.

Banking 40

Banking Marijuana Safety Dispensary 40

WeedAdvisor

SEPTEMBER 28, 2019

In a ground-breaking – albeit unsurprising – decision, the SAFE Banking Act passed through the house on September 25 th , according to Rolling Stone. The act, which prevents banks from prosecution for engaging with cannabis retailers in legal states, sailed through with a vote of 321-103. Current Risks to Banks. . A New Era.

Banking 40

Banking Retail Environment Dispensary 40

Cannabis Law Report

NOVEMBER 15, 2021

Vice-President Michele Nakata, Supervisor of the Medical Cannabis Dispensary Licensing Program at the Hawaii Department of Health. Lab Testing and Product Safety. Banking, Finance, and Taxation. Impaired Driving and Traffic Safety. Social and Economic Equity. Medical Use and Research. Public Health and Data Monitoring.

Compliance 98

Compliance Compliance Programs Topical 98

Greenspoon Marder Cannabis Law Group Blog

JULY 26, 2019

On Tuesday July 23, 2019, the United States Senate Committee on Banking, Housing, and Urban Affairs hosted a hearing to discuss national safety implications relating to federal regulations that force cannabis businesses to operate on a cash basis. And that puts them and the Americans they do business with at risk. .

Banking 40

Banking Cannabis Business Safety 40

Kind Meds (Cannabis Education Blog)

MARCH 25, 2022

Whether it’s your first time going to any kind of dispensary or you’re a seasoned professional who’s new to the Arizona cannabis scene, visiting a new dispensary can be intimidating. That’s why our team at Kind Meds set out to make this Arizona dispensary guide for any newcomers looking to purchase cannabis here.

Dispensary 52

Dispensary Edibles Strains Vaping 52

NORML

FEBRUARY 1, 2019

Click here to email your lawmakers in support of banking access. Update : The Criminal Justice and Public Safety Committee is holding a public hearing on HB 481 on 2/05/19 at 1:00pm, Reps Hall. Under existing law, only a handful of licensed dispensaries are permitted in the state. CA resident? NH resident?

Legislation 183

Legislation Decriminalization Access Patients 183

Cannabis Law Report

SEPTEMBER 24, 2019

AG Racine Leads Bipartisan Coalition of 21 States In Urging Congress To Pass Cannabis Banking Bill. The STATES Act Would Increase Public Safety by Allowing Cannabis-Related Businesses to Access the Banking System without Fear of Prosecution. September 23, 2019. WASHINGTON, D.C. – Attorney General Karl A.

Programs 59

Programs Banking Marijuana Access 59

Veriheal

AUGUST 3, 2021

Mainly, the measure protects patient safety and amplifies product quality requirements, all the while entrusting the state’s Medical Marijuana Advisory Board to consider broadening the program’s list of qualifying medical conditions. What’s more, sales between dispensaries and patients accumulated $1.7

Legislation 98

Legislation Patients Supply Chain Dispensary 98

Illinois News Joint

AUGUST 30, 2024

Green Rose Harwood Heights is Green Rose’s third Chicago-area dispensary. “It The Harwood Heights dispensary is open seven days a week from 9 a.m.-10 Unlike the large multi-state operators who own most of the dispensaries in the Chicago suburbs, Green Rose does not have its own wholesale products to promote and sell.

Events 59

Events Dispensary Banking Safety 59

CannaMD

APRIL 15, 2020

To learn more about medical marijuana treatment center (MMTC) delivery services, please see: Florida Dispensaries: COVID-19 Policies. For updates on all current Florida dispensary policies, see: Dispenary COVID-19 FAQs. Note: Florida dispensaries also offer home delivery and curbside pickup options.

Policy 80

Policy Patients Dispensary Banking 80

SpeedWeed

SEPTEMBER 2, 2021

Shareholders whose 48North Shares are registered in the name of a broker, dealer, bank, trust company or other nominee should contact their nominee regarding the receipt of the consideration. The post Massachusetts Adult-Use Cannabis Sales Top $2 Billion Since Dispensaries Launched in 2018 appeared first on SpeedWeed.

Dispensary 55

Dispensary Compliance Compliance Conditions 55

SpeedWeed

JULY 16, 2021

The introduction of legislation that would federally decriminalize cannabis would have implications far beyond banking. Cannabis worker safety and apprenticeships must be a top priority and any federal legislation needs to dedicate funding to further research for these priorities. Co-founder of Cresco Labs.

Dispensary 52

Dispensary Banking Legislation Cannabis 52

Cannabis Law Report

SEPTEMBER 28, 2021

Due to federal restrictions that prohibit banks from providing services to legal cannabis companies, cash and cashless ATM are the only payment options for cannabis consumers and merchants, making the process inconvenient, unreliable and dangerous.

Banking 52

Banking Research and Development Retail Compliance 52

Cannabis Law Report

JULY 25, 2022

Check the local dispensaries and delivery services in the first place. Moreover, buying online enables you to stock up discreetly and conveniently, even without setting your foot in a dispensary. Be prepared to validate your age with a government-issued ID at the dispensary because underage purchases are subject to hefty penalties.

Law 52

Law Dispensary Consumption Banking 52

MMJ Recs

JANUARY 27, 2020

This means that there are no caps on the number of business licenses that can be awarded to dispensaries. Municipalities are also prohibited from enacting zoning restrictions, so it’s difficult to actually prevent dispensaries from opening in certain areas.

Marijuana 52

Marijuana Seed-To-Sale Banking Conditions 52

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. The 2018 Maine law says that officers and directors of for-profit medical dispensaries must live in the state. Courthouse News Service reports. So it filed suit.

Dispensary 52

Dispensary Decriminalization Banking Law 52

MMJ Recs

MARCH 16, 2024

The establishment of cultivation, processing, and dispensary facilities creates a diverse array of employment opportunities, spanning from agricultural roles to retail positions. Regulations vary significantly by jurisdiction but typically encompass licensing requirements, product safety standards, and distribution protocols.

Supply Chain 105

Supply Chain Research and Development Marijuana Seed-To-Sale 105

The Blunt Truth

JANUARY 24, 2019

They have finally issued the first dispensary licenses and cultivation sites are now all under construction. Turning our attention to the Caribbean , Puerto Rico marijuana businesses are now without a banking option. Not chump change by anyone’s standards. Meanwhile, in the U.S. Virgin Islands, medical marijuana is now legal.

Banking 40

Banking Environment Safety Dispensary 40