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Law Firm Press Release – Canada: The legal cannabis industry unites in a class action against major Canadian banks

Cannabis Law Report

10, 2023 /CNW Telbec/ – Groupe SGF (Cannabis Legal Advisors and Consultants) announces the launch of a class action lawsuit on behalf of Mr. Gabriel Bélanger (Founder of Origami Extraction Inc.) against the Desjardins Federation, National Bank, Royal Bank, Bank of Montreal, TD Bank, and CIBC.

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Jushi Holdings Inc. Expands Product Offerings with Launch of Its First Line of Solventless Cannabis Extracts

Cannabis Law Report

(“Jushi” or the “Company”) ( CSE: JUSH ) ( OTCQX: JUSHF ), a vertically integrated, multi-state cannabis operator, launched the Company’s first line of solventless live rosin extracts by its award-winning brand The Lab™ , famous for delivering high-quality, precision vape products and concentrates. billion by 2030.

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What Do Banks Require for CBD Websites?

Cannabis Law Report

While these products are no longer illegal (notably a different definition than “legal”), most banks have been hesitant to jump in, citing the lack of framework from the compound’s new agencies of oversight: the USDA and the FDA. As a result, banks often require a website that sells CBD to meet several criteria to satisfy their guidelines.

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Folium Biosciences: Last Minute Raise Saves Overvalued Company From Collapse…Snr Execs Lose Their Sports Cars To The Bank

Cannabis Law Report

This included both the Porsche and Lamborghini that had to be turned over to David Brockway at 5star Bank by 2pm on February 15th. 5star Bank also issued Folium one of its $2 million PPP loans, which government records show Folium says was used to retain around 200 employees during Covid-19 lockdowns. Kashif Shan. SUPPORT DOCUMENTS.

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Don’t let the Grinch stop marijuana reform

NORML

Last Wednesday, he essentially demanded that in exchange for allowing the cannabis industry to access to basic banking services, that the federal government should impose a 2% THC cap on marijuana products and prohibit the retail sale of marijuana-infused edibles or e-liquid vapor extracts.

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Nation’s First Industrial Hemp Seed Bank Planned for New York

Greenspoon Marder Cannabis Law Group Blog

industrial hemp germplasm repository, or seed bank, was recently announced by New York State Senator Charles Schumer. An initial investment of $500,000 in federal funding will be used to commence the brand new and nation’s only industrial hemp seed bank, which will be located in Geneva, the Finger Lakes Region of New York.

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Will hemp taint your banking relationship?  

Cannabis Law Report

Will hemp taint your banking relationship? . Many have setup legal entities and registered under their states’ regulatory programs as permitted growers but have hit a hurdle that most new businesses hop right over: opening a bank account. . If you wish to re-publish this story please do so with following accreditation.

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