Cannabis Law Report

MAY 28, 2022

Congress should either legalize cannabis or stop deputizing banks as drug enforcement investigators. Although 18 states have fully legalized, cannabis is still a sticky issue for banks and other financial institutions because it remains illegal at the federal level. The State of Banking. economy: the financial system.

Banking 52

Banking State Laws Law DEA 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.

Law 52

Law Marijuana Cultivation Patients 52

Cannabis Law Report

AUGUST 30, 2021

Dispensaries and other marijuana industry companies continue to have difficult time getting cannabis banking services. Senate, at least for the moment, some lawmakers are turning their attention to dealing with weed-related banking issues. Why Marijuana Banking Changes Are Needed. It’s something he’s pushed for since 2013.

Banking 99

Banking Legalization Dispensary Legislation 99

Canna Law Blog

MAY 13, 2022

The SAFE Banking Act has languished in Congress since early 2017, a victim of political gridlock and division, as well as political wrangling over broad approaches to cannabis legalization. We last covered the SAFE Banking Act in February , when it looked as though 2022 would be the sixth year in which this bill would die.

Banking 85

Banking Legislation Safety Decriminalization 85

Cannabis Law Report

JULY 1, 2021

Cannabis banking options are still quite limited for marijuana entrepreneurs, despite 36 states legalizing medical marijuana and 17 states permitting recreational adult use, according to the National Conference of State Legislatures. Are there cannabis-friendly banks? Compare 5 cannabis-friendly banks and credit unions.

Banking 110

Banking Compliance Compliance Business 110

Veriheal

DECEMBER 1, 2021

A group of associations representing American credit unions recently submitted a letter to Congress urging members to pass critical cannabis banking reform legislation. Because of cannabis’ status as a Schedule I—aka federally illegal—substance, many banks and credit unions avoid hosting accounts for cannabis-related businesses.

Banking 67

Banking Decriminalization Business Legislation 67

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

Cannabis Law Report

OCTOBER 13, 2021

The Florida Supreme Court Rejects Recreational Marijuana Initiative – by Miguel Fernandez , Michael Shifrin , Bryan Walsh at Bressler, Amery & Ross. Tennessee Expands (Minimally) Medical Marijuana Law and Establishes Cannabis Commission – by Tim Garrett , Ashley Li at Bass, Berry & Sims.

Law 98

Law Banking Hemp Cannabis 98

Cannabis Law Report

DECEMBER 7, 2021

Congress is making another run at providing a safe harbor to the banking industry and companies that provide services to cannabis businesses. On September 21, 2021, the House voted to include the Secure and Fair Enforcement Banking Act of 2021 (SAFE Banking Act) 1 in the annual National Defense Authorization Act for Fiscal Year 2022 (NDAA).

Banking 52

Banking Compliance Compliance Business 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

The Blunt Truth

JUNE 13, 2022

It has already been a busy year for marijuana law! Permits and taxes legal recreational sales from licensed retailers starting December 1, 2022. The nine existing medical marijuana compassion centers may also convert to sell to recreational customers, for a maximum of 33 retailers. Development. May 26, 2022. May 25, 2022.

Law 111

Law Marijuana Legislation Retail 111

Veriheal

SEPTEMBER 14, 2020

Lawmakers are looking at ways to increase the state’s revenue, and to no surprise, some suggest legalizing recreational cannabis. Tom Wolf is one of those lawmakers who is pushing for the legalization of recreational cannabis. Current Laws Come With Hefty Penalties. Pennsylvania Gov. Only time will tell.

Recreational 98

Recreational Legalization Seed-To-Sale Pharmaceutical 98

Cannabis Law Report

OCTOBER 7, 2021

Read my op-Ed on Marijuana Banking [link]. Taking action to clarify banking rules for the legal cannabis industry now, rather than standing by while states construct an ad hoc system of conflicting banking rules, will go a long way toward easing that transition.”. — Rodney E. Hood (@Rodney_e_hood) October 8, 2021.

Banking 52

Banking Access Business Recreational 52

Canna Law Blog

AUGUST 14, 2023

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. No state’s regulatory program will comply with federal laws if cannabis is on any CSA schedule.

Law 89

Law Cannabis Data Business 89

Canna Law Blog

FEBRUARY 27, 2019

Six years after it was initially introduced, the House Financial Services Committee released the latest draft legislation that would create a “safe harbor” for banks to serve the rapidly expanding cannabis industry on February 7, 2019. Specifies how businesses on tribal land could qualify; and.

Banking 92

Banking Marijuana Legislation Business 92

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

SpeedWeed

APRIL 22, 2021

A bipartisan group of twenty-one state governors sent a letter to congressional leaders on Monday urging lawmakers to support a bill that would allow legal cannabis businesses to have access to traditional banking services. Green Wave Of Legalization Continues Beyond the SAFE Banking Act. states, four U.S.

Banking 52

Banking Safety Access Business 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. Helping motor more than $17.5 Billion in U.S.

Banking 52

Banking Legislation Safety Access 52

Veriheal

DECEMBER 29, 2021

During weeks of meetings, the coalition had reached an agreement on legalizing the sale of recreational cannabis in licensed shops. . Alexander Galista, Hauck and Aufhauser investment bank analyst, told CNBC that the legalization of cannabis could “generate between 3.4 The coalition was signed on Dec. billion euros (±3.8

Recreational 98

Recreational Legalization Cannabis Education 98

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 19, 2021

We are happy to provide this podcast series: Global Law and Business, hosted by international attorneys Fred Rocafort and Jonathan Bench , where we look at the world by talking with business leaders, innovators, service providers, manufacturers, and government leaders around the world. de Jesús , Principal at FDJ Solutions!

Business 76

Business Law Banking Retail 76

NewsMunchies

DECEMBER 22, 2021

federal law as a Schedule 1 drug puts us far behind our international partners and scientific competitors, including the U.K., More than 60% of adults believe marijuana should be legal for both medical and recreational use, and that figure is likely to rise over time as the public becomes more aware of the potential benefits of the plant. .

Law 89

Law Marijuana DEA Legalization 89

SpeedWeed

APRIL 20, 2021

The House of Representatives on Monday passed the SAFE Banking Act of 2021, which clears the way for financial institutions and banks to work with cannabis companies. Proceeds from unlawful activity are subject to anti-money laundering laws. Where Does The SAFE Banking Act of 2021 Go Next? View original article.

Banking 52

Banking Business Legalization Legislation 52

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

Cannabis Law Report

NOVEMBER 10, 2021

Virgin Islands sent a bipartisan letter urging Congress to include legislation in the final 2022 National Defense Authorization Act for Fiscal Year 2022 that would allow states with legalized medical or adult-use cannabis to operate safely under the national banking system. . Medical and recreational cannabis sales in the U.S.

Banking 52

Banking Legislation Access Recreational 52

Veriheal

OCTOBER 22, 2021

Most New Yorkers can now safely indulge in cannabis without fear of being fired, Bank of America is under fire for closing the account of an authorized cannabis research institute, and proposed legislation could help Washington, D.C. finally see recreational cannabis sales. Bank of America—the second-largest bank in the U.S.—has

Banking 104

Banking DEA Recreational Packaging 104

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. billion by 2026.

Banking 66

Banking Legislation Safety Dispensary 66

Canna Law Blog

OCTOBER 10, 2020

It is possible this spirit of compromise is due in part to Delgado’s indications he would take steps to allow recreational cannabis use in Puerto Rico. Delgado does not appear to be an ardent supporter of legalization, but an administration led by him might be Puerto Rico’s best shot at recreational cannabis legalization.

Recreational 85

Recreational Banking Legislation Cannabis 85

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

SpeedWeed

FEBRUARY 18, 2019

lawmakers are once again exploring efforts to allow legal cannabis businesses access to banks. The Democratic-controlled House Financial Services Committee on Wednesday held a hearing to discuss the Secure and Fair Enforcement Banking Act of 2019, also known as the SAFE Banking Act, reports Yahoo Finance.

Banking 61

Banking Business Marijuana Safety 61

Cannabis Law Report

DECEMBER 16, 2021

Both sides of the aisle support cannabis reform, with multiple federal bills seeking to address everything from banking to social justice. Cannabis banking was originally included in the federal defense spending bill but stripped from it at the last moment. Federal Cannabis Reform (or not). Emergency Regulations.

Law 98

Law Supply Chain Banking Cultivation 98

The Blunt Truth

JULY 14, 2023

On the federal level, we have yet another update on the SAFE Banking Act. In international news, Germany released a draft law that would legalize adult-use cannabis. Governor Youngkin has stated that he is not interested in any further moves towards legalization of adult recreational use marijuana. Maybe it will pass this term?

Banking 98

Banking Media Retail Legalization 98

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. . Skipping Ahead. .

Banking 45

Banking Dispensary Legislation State Laws 45

Cannabis Law Report

JANUARY 30, 2019

PUBLISHER: CANNABIS LAW REPORT. European cannabis firms and investors enviously watching the rapid maturation of the multi-billion dollar North American industry may consider something both geographies have in common; the difficulty of getting banks onside. AUTHOR: MARK TAYLOR.

Banking 77

Banking Hemp Business Cannabis 77

Cannabis Law Report

SEPTEMBER 14, 2021

Abrigo, the leader of compliance, credit risk, and lending solutions for financial institutions, today announced its partnership with Green Check Verified (GCV), the top provider of cannabis banking solutions for financial institutions. Abrigo partners with Green Check Verified to expand cannabis banking support to financial institutions.

Banking 52

Banking Compliance Compliance Business 52

MassRoots

AUGUST 3, 2020

New laws expanding the medical marijuana program in Louisiana went into effect on August 1. The state’s medical marijuana program has been criticized for being too limited and too restrictive since the program was established in 2016, but the three laws that went into effect on Saturday aim to improve the situation.

Programs 124

Programs Banking Marijuana Conditions 124

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