Cannabis Law Report

AUGUST 17, 2022

Ohio State Legal Studies Research Paper No. Moritz College of Law. According to its sponsors and supporters, the Safe and Fair Enforcement (‘SAFE’) Banking Act would help address the challenges faced by small cannabis businesses that cannot currently access banking services or loans. Cat Packer. Independent.

Banking 98

Banking Access Research and Development Compliance 98

Veriheal

APRIL 14, 2022

Banking has been a hurdle for cannabis businesses since the birth of the industry. Despite the fact that these businesses are state-legal, financial institutions have historically hesitated to work with them due to cannabis’ federally illegal status. A Long Road to Cannabis Banking Reform. Ed Perlmutter (D-Colo.)

Banking 116

Banking Business Cannabis Access 116

Cannabis Law Report

SEPTEMBER 28, 2021

National Law Journal’s 2020 Cannabis Trailblazer Katrina Skinner to Help Lead Company’s Legal Matters and Expansion into Banking, Financial and Payment-Related Services and Solutions for Cannabis Businesses and Related-Banking and Financial Sectors. Says the headline. Here’s the full press release.

Banking 98

Banking Compliance Compliance Law 98

Cannabis Law Report

JULY 11, 2022

The governor of Pennsylvania on Monday signed a bill that includes provisions to protect banks and insurers in the state that work with licensed medical marijuana businesses. Pro-legalization Gov. Pennsylvania Governor Signs Marijuana Banking And Insurance Reform Bill Into Law. Marijuana Moment report. Full report at.

Banking 52

Banking Law Legislation State Laws 52

MMJ Recs

MAY 5, 2024

Its legal framework has evolved, and an understanding of California medical cannabis regulations is essential for patients, caregivers, and those who have an interest in the cannabis industry. However, recreational use has also recently been legalized in California but it remains illegal under federal law.

Law 52

Law Marijuana Cultivation Patients 52

Canna Law Blog

AUGUST 17, 2023

Oregon’s governor recently vetoed an effort to create a state bank for marijuana businesses, in another blow to the struggling industry. The lack of consistent, equitable access to banking has been recurring issue for Oregon marijuana businesses and those in other states.

Banking 52

Banking Marijuana Legislation Business 52

Veriheal

JULY 2, 2020

Louisiana has had a medical cannabis program for many years. However, for patients to qualify for access to medical cannabis, they must have received a diagnosis of at least one of the 14 qualifying conditions that were initially approved under the initial law. The Bill as Passed. Now that the bill has been signed, as of August 1 st.,

Banking 52

Banking Programs Therapy Conditions 52

Cannabis Law Report

AUGUST 20, 2022

CRCC’s paper, published by the Ohio State University (OSU) Moritz College of Law, is titled “Not a SAFE Bet: Equitable Access to Cannabis Banking, An Analysis of the SAFE Banking Act.”. Ohio State Legal Studies Research Paper No. Drug Enforcement and Policy Center, August, 2022. 21 Pages Posted: 12 Aug 2022. Cat Packer.

Banking 52

Banking Access Research and Development Policy 52

MJ Business Attorneys

JANUARY 6, 2023

Although legal cannabis markets exist at some level in the majority of states in the country today, they fight to survive amidst a web of restrictive and confusing regulations that make it difficult for businesses to operate in the black. Most legal-use states have strict security and monitoring regulations.

Legalization 246

Legalization Compliance Compliance Research and Development 246

Cannabis Law Report

JUNE 4, 2021

These multi state operators (MSOs) need to take the specific requirements of each state into account in every aspect of their business, from product types offered to how they bank. What are some of the issues that impact an MSO’s ability to access banking? Why MSOs face unique banking challenges. What are multi-state operators?

Banking 87

Banking Supply Chain Dispensary Business 87

Canna Law Blog

NOVEMBER 8, 2023

Our firm has been representing businesses in the space for many years before that, in states with more mature licensing programs. One of the most common mistakes we see in new cannabis markets is businesses that rely too much on federal legalization happening. Would that mean that federal legalization has happened?

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Legalization DEA Banking Cannabis 94

Canna Law Blog

AUGUST 14, 2023

Most Americans favor federal cannabis legalization. Nearly all Americans support medical cannabis legalization. Federal cannabis legislation isn’t going to happen Back in 2018, when California opened up for recreational cannabis licensing, all I heard was how federal cannabis legalization was around the corner.

Law 88

Law Cannabis Data Business 88

The Blunt Truth

JUNE 13, 2022

It has already been a busy year for marijuana law! Catch up on key legislative, regulatory, and legal developments affecting the manufacture, distribution, sale, and use of marijuana occurring in 2022, including key decisions and regulatory material. The statute became law without a gubernatorial signature. Development.

Law 111

Law Marijuana Legislation Retail 111

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

FEBRUARY 5, 2020

ARVADA – Governor Jared Polis and the Colorado Department of Regulatory Agencies (DORA) released a bold roadmap to provide clarity and guidance for state-chartered financial services industries that serve or seek to serve legal cannabis-related businesses. Roadmap to cannabis banking_January 2020. “As WATCH PRESS CONFERENCE.

Banking 69

Banking Safety Business Cannabis 69

MassRoots

AUGUST 4, 2020

The California Cannabis Industry Association (CCIA) is calling for cannabis businesses to join them in imploring Speaker Pelosi to prioritize the Secure and Fair Enforcement Banking Act (SAFE Banking Act). What is the SAFE Banking Act? Virgin Islands have enacted either medicinal or recreational legalization amendments.

Banking 52

Banking Access Business Programs 52

Canna Law Blog

DECEMBER 5, 2019

The tides have been rapidly changing for hemp companies to gain access to banking, which has not traditionally been available to hemp companies due to the fact that hemp was (sort of) federally illegal until about a year ago. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts.

Banking 64

Banking Hemp Compliance Compliance 64

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. billion of legal cannabis sales in the U.S.

Banking 52

Banking Legislation Safety Access 52

Cannabis Law Report

JUNE 24, 2021

A House subcommittee on Thursday approved a large-scale funding bill that includes provisions protecting banks from being punished for working with marijuana businesses and allowing Washington, D.C. to legalize cannabis sales. House Committee Approves Marijuana Protections For Banking And D.C. Marijuana Moment reports.

Banking 87

Banking Marijuana Policy Legislation 87

Canna Law Blog

APRIL 6, 2019

Unfortunately still the position for most banks and hemp. Shortly after the 2018 Farm Bill passed, legalizing industrial hemp, we predicted that banking services for hemp businesses would be slow going. We have consistently heard from lawful hemp producers about the lack of access to financial products. Senators, Sen.

Banking 77

Banking Hemp Access Business 77

Canna Law Blog

APRIL 9, 2020

On March 31, 2020, Washington State Governor Jay Inslee signed HB 2870 , which “creates a new social equity program that provides business opportunities to people from disproportionately-harmed communities so they can benefit economically from the cannabis industry and become a cannabis retailer.”

Programs 91

Programs Retail Legislation Business 91

Veriheal

SEPTEMBER 5, 2022

Northam (D) signed the Cannabis Control Act (CCA) into law. This law positioned Virginia to be the South’s first adult-use (i.e., Agencies tasked with moving the program forward are currently putting their efforts on hold until after 2023.” What Activities Are Still Permitted Under Current Virginia Cannabis Law?

Programs 52

Programs Safety Cannabis Legislation 52

Cannabis Law Report

DECEMBER 16, 2021

Though it wasn’t quite THE year we may have hoped for in cannabis news (hello, federal legalization?!), AB 45: California hemp legalization. As we’ve previously discussed ( here and here ), this bill legalized CBD in food, beverages, cosmetics, dietary supplements and pet food in California. it’s what we got. Trade Samples.

Law 98

Law Supply Chain Banking Cultivation 98

Cannabis Law Report

DECEMBER 14, 2021

monetary banking protocols in banking cannabis and hemp operations. This honor is part of a financial services certification program overseen by the Policy Center for Public Health & Safety (PH&S) in collaboration with state attorneys general. . ALBUQUERQUE, N.M. , Dec. Department of Treasury and FinCEN.

Banking 52

Banking Hemp Compliance Compliance 52

SpeedWeed

MARCH 18, 2021

Cannabis and Banking. banks and credit unions are reluctant to work with cannabis businesses because of concerns surrounding the federal illegality of cannabis. The gray area of cannabis being legal in certain states, but not the U.S., The gray area of cannabis being legal in certain states, but not the U.S.,

Banking 52

Banking Compliance Compliance Access 52

Cannabis Law Report

JUNE 16, 2019

Steve Schain , Senior Attorney at Hoban Law Group. On May 13th New Jersey’s Department of Health (“DOH”) amended it Medicinal Marijuana Program Rules, N.J.A.C. Steve Schain is a Senior Attorney to Hoban Law Group and admitted to practice in Pennsylvania and New Jersey. Steve Schain. 24:6I-1, Et.

Programs 77

Programs Chronic Pain Marijuana Conditions 77

Cannabis Law Report

DECEMBER 11, 2021

The New York State Bar Association today is announcing the launch of its Cannabis Institute, an ongoing series of programs on New York’s recently-enacted Marijuana Regulation and Taxation Act, which has been widely hailed as one of the most progressive cannabis laws in the nation. The effort will kick off on Wednesday, Dec.

Education 98

Education Law Events Topical 98

Cannabis Law Report

JUNE 25, 2021

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. What do banks typically require of a CBD business and its website? And while the 0.3%

Banking 66

Banking CBD Hemp Seed-To-Sale 66

Canna Law Blog

OCTOBER 5, 2019

In a pretty historic moment, the House of Representatives officially voted to pass the SAFE Banking Act (H.R. We’ve extensively covered the Act’s progress in past posts (the latest can be found here and here ), but just as a reminder, the Act would finally allow the cannabis industry to access banking and financial services.

Banking 73

Banking Legislation Hemp Retail 73

Cannabis Law Report

SEPTEMBER 23, 2019

The Charles Gazette-Mail report… State Treasurer John Perdue is hiring an attorney to assist with his office’s handling of banking services for West Virginia’s medical cannabis program, a show of escalating tension with the district’s federal prosecutor. We have no idea what he basically would do in regard to [cannabis banking].

Programs 55

Programs Banking Business Law 55

Canna Law Blog

JANUARY 16, 2019

We have spilled a lot of ink on this blog related to the 2018 Farm Bill , which legalized hemp at the federal level. And there are so many ramifications, from food law to trademarks to the financial services environment. A few of these clients are relatively nimble and bold, but at the end of the day they are still banks.

Banking 72

Banking Hemp Environment Access 72

SpeedWeed

MARCH 20, 2021

Ed Perlmutter (D-CO) reintroduced the SAFE Banking Act—this time with more than 100 bipartisan cosponsors. It’s yet another opportunity for his House colleagues to approve the banking reform bill, and the 2021 outlook is slightly brighter with a thin Democratic edge in the U.S. They stand a good chance of passing into law.

Banking 52

Banking Legislation Recreational Business 52

NORML

MARCH 20, 2020

“Given the tremendous amount of uncertainty in the broader economy, the hundreds of thousands of American workers who are employed by the state-legal marijuana industry must be respected and protected by the emergency actions being taken by elected officials,” said NORML Political Director Justin Strekal.

Business 335

Business Legislation Access Policy 335

Cannabis Law Report

SEPTEMBER 16, 2022

The region has been instrumental in highly regulated industries, such as alcohol and tobacco, and the only federally sanctioned cannabis grow program has operated at the University of Mississippi since the 1960s. Although several Southern states have enacted medical cannabis programs, no states have embraced recreational use of cannabis.

Law 52

Law Programs Cultivation Dispensary 52

The Cannigma

OCTOBER 10, 2021

Medical: legal Recreational: illegal. In July, 2017, a joint ministerial decision between the Ministers of Health and Justice legalized medical marijuana in Greece, and changed the classification of cannabis from a Table A drug to a Table B drug. For a first offense, a counseling program can be a substitute for incarceration.

Legalization 88

Legalization Seed-To-Sale Cultivation Patients 88

Cannabis Law Report

AUGUST 10, 2022

What To Know: – The efforts to legalize cannabis have gained traction in some states and run into serious roadblocks in others. – Thirty-seven states allow for medical cannabis use through state run programs. 1] The most recent state to pass legislation is Rhode Island, which authorized an adult use program.

Legalization 52

Legalization Banking Legislation Compliance 52

Cannabis Law Report

JANUARY 7, 2022

In 2016, Pennsylvania adopted Act 16, becoming one of 38 states that have medical marijuana programs in the United States. These temporary pandemic rules were codified under Act 44 and signed into law by Governor Wolf in the summer of 2021. Legalization in the future. January 6, 2022. Author Jay Majitov.

Programs 52

Programs Marijuana Dispensary Banking 52