NORML

APRIL 12, 2023

Highlights include: AR, CA, CO, ME, MD, MO, NH, PA, SC, and TX The post State Policy Weekly Update 4/12/2023 appeared first on NORML.

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Policy Access Consumption Banking 196

Cannabis Law Report

AUGUST 17, 2022

Ohio State Legal Studies Research Paper No. Drug Enforcement and Policy Center, August, 2022. 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.

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Banking Access Research and Development Compliance 98

Cannabis Life Network

DECEMBER 7, 2022

United States Congress has declined to include cannabis banking in the NDAA (National Defense Authorization Act). The NDAA is an annual congressional bill guiding policies and funding of federal military agencies. The post Cannabis Banking Left out of NDAA appeared first on Cannabis | Weed | Marijuana | News.

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Banking Policy Cannabis Marijuana 81

NORML

FEBRUARY 14, 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. You can share the op-ed on Facebook by clicking here and on Twitter by clicking here.

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Banking Marijuana Topical Access 179

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. Ohio State Legal Studies Research Paper No.

Banking 52

Banking Access Research and Development Policy 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 Department of Justice on “Marijuana Related Financial Crimes” was rescinded in 2018 , the FinCen Memo has been the only game in town for federal banking guidance.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. These businesses are lower risk for banks than Tier I. Legal cannabis sales in the U.S.

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Banking Business Marijuana Hydroponic 98

Cannabis Law Report

APRIL 8, 2023

The National Cannabis Policy Summit’s Congressional Forum convenes cannabis advocates, patients, business leaders and policy experts for an afternoon of keynote addresses and discussions featuring Members of Congress in the Capitol Visitors Center’s Congressional Auditorium.

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Policy Events Banking Topical 52

NORML

AUGUST 19, 2019

Currently, public support for legalizing weed nationwide is at an all-time high: 62 percent of Americans favor legalizing the adult use of marijuana, while over 90 percent want access to medical cannabis. The issue isn’t if marijuana will be legalized anymore. What will happen at the local levels if it does become law?

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Policy Marijuana Legislation Programs 277

Canna Law Blog

DECEMBER 1, 2022

As we’ve written about over the past several years, there have been consistent rallying cries for common-sense banking reform for the cannabis industry. The SAFE Banking Act, which would allow federally regulated financial institutions to work with state-legal cannabis businesses, has been passed by the U.S.

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Banking Safety Access Legislation 72

NORML

OCTOBER 15, 2019

NORML Canada launches official Post-Legalization platform to focus advocacy efforts on reforming Canada’s legal Cannabis system. Our goal is to ensure consumers have ease of access to legal cannabis products, access to medical dispensaries, access to world-class product options, as well as access to affordable legal options.

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Veriheal

DECEMBER 22, 2023

Additionally, these past proposals also pushed for equal access to the economic opportunities arising from the legal cannabis market. They emphasize that these communities should have an active role in reaping the economic advantages that come with legalization. Last year, AFGE passed a resolution supporting cannabis legalization.

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Legalization Supply Chain Banking Marijuana 117

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

Cannabis Law Report

FEBRUARY 9, 2022

Well worth a read if you want to catch up on the state of British banking for cannabis / hemp products… it’s not good! Banks, insurance companies and payment providers are refusing to work with cannabis-related companies throughout the UK, hampering the growth of the industry and leaving many in financial limbo.

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Banking Business Media Access 59

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. New Legislation. .

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Banking Business Legalization Marijuana 45

Canna Law Blog

MAY 26, 2019

Looks like marijuana banking is stuck, again. The banking associations from all 50 states and 1 U.S. territory sent a joint letter to leaders of the Senate Banking Committee on Monday, to urge advancement of bipartisan legislation that would protect financial institutions that service marijuana businesses.

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Banking Marijuana Safety Legislation 90

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

NORML

FEBRUARY 27, 2019

As the tentacles of the federal policy of cannabis prohibition run deep into nearly every sector of American public policy, a new voice emerged to call for clarity regarding state-legal cannabis marketplaces: Federal Reserve Chair Jerome Powell.

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Banking Policy Business Safety 141

Canna Law Blog

DECEMBER 24, 2019

Our firm represents a number of financial institutions and even a federal agency on banking state-legal cannabis. The number one question we have received lately is: “do you know a bank or credit union that will bank my hemp-CBD business?” And here’s why.

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Banking Hemp CBD Cultivation 73

Cannabis Law Report

JULY 1, 2022

Portland, OR. – Outdated federal barriers to banking services continue to severely impact the legal cannabis industry in Oregon and nationwide. While cannabis may be legal in Oregon, criminal enterprises are very aware of this impediment and target cannabis businesses. The OLCC Press Release.

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Banking Business Access Safety 52

Cannabis Law Report

MARCH 5, 2020

Marijuana Moment reportsTreasury Secretary Steven Mnuchin said on Wednesday that he will not take administrative action to protect banks that service marijuana businesses from being penalized by federal regulators, stating that it’s up to Congress to resolve the problem. The conflict is a problem. Read the full Marijuana Moment piece at.

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Banking Policy Business Marijuana 59

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.

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Banking Marijuana Legislation Business 91

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. MERKLEY, DAINES URGE COLLEAGUES TO BUILD PATHWAY FORWARD FOR BIPARTISAN LEGISLATION TO ENSURE THAT LEGAL CANNABIS BUSINESSES CAN ACCESS CRUCIAL FINANCIAL SERVICES. Thursday, June 17, 2021. Washington, D.C.

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Banking Legislation Safety Dispensary 66

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

Cannabis Chronicles

FEBRUARY 4, 2019

Much the way banks are unwilling to finance cannabis startups, television networks and online advertising marketplaces are understandably cautious because the Feds still classify marijuana as a Schedule 1 drug alongside heroin and ecstasy. With a growing number of states legalizing weed for recreational and medical purposes, the U.S.

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Policy Media Vaping Edibles 154

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.

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Banking Hemp Compliance Compliance 64

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. We represent a handful of banks (and a larger handful of credit unions), and we give those outfits advice on banking hemp and marijuana. We are optimistic that the hemp industry will have ample banking options.

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Banking Hemp Environment Access 72

Cannabis Law Report

JANUARY 5, 2022

W hile this Review focuses on 2021, it’s difficult to contextualise the levels of psychedelic drug policy reform witnessed this year without appreciating the gravitas of events in late 2020. Beyond progress updates on these two landmark initiatives, 2021 saw a flurry of policy reform efforts across the world. Introduction.

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Policy Therapy Banking Events 52

Canna Law Blog

MARCH 17, 2019

Great news: on March 7, 2019, the “ Secure and Fair Enforcement Banking Act of 2019 ” (or, the “SAFE Banking Act”) was officially introduced in the House of Representatives. In case you need a refresher, the SAFE Banking Act needs to pass the House by a simple majority (218 of 435) to reach the Senate. Stay tuned.

Banking 74

Banking Marijuana Safety Business 74

Cannabis Law Report

SEPTEMBER 16, 2021

House lawmakers have introduced a series of drug policy-related amendments to defense legislation, including proposals to facilitate research on the benefits of psychedelics for active duty military personnel and to protect banks that service state-legal marijuana businesses. Marijuana Moment reports. Read full report.

Banking 52

Banking Clinical Trials Chronic Pain Marijuana 52

Cannabis Law Report

OCTOBER 31, 2019

Law Firm Manatt, Phelps & Phillips, LLP writes… The Cannabis Banking Guidance from California’s Department of Business Oversight (DBO) offers California-chartered financial institutions serving cannabis-related businesses assurances that the DBO will not bring enforcement actions based solely on such relationships. What happened.

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Banking Compliance Compliance Policy 45

MassRoots

FEBRUARY 11, 2019

420, my bill to legalize and responsibly regulate and tax marijuana,” Wyden tweeted on February 8. It’s time to bring our country’s marijuana policies into the 21st century, and my legislation is the way to do it.”. 420, my bill to legalize and responsibly regulate and tax marijuana. “I introduced S.420, NEW: I introduced S.420,

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Legalization Marijuana Legislation Policy 111

Cannabis Law Report

SEPTEMBER 25, 2019

House of Representatives approved the Secure and Fair Enforcement (SAFE) Banking Act 321-103. It is the first standalone cannabis policy reform bill to ever reach a House floor vote. Neal Levine of the Cannabis Trade Federation states … The bipartisan SAFE Banking Act ( H.R.1595 In a vote Tuesday, the U.S.

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Banking Safety Compliance Compliance 55

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. Legal hemp businesses should be treated just like any other businesses and not discriminated against,” the letters urged.

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Banking Hemp Access Business 77

Canna Law Blog

APRIL 14, 2019

The SAFE Banking Act just got a new, prominent supporter – on April 9, 2019, Treasury Secretary Steven Mnuchin pledged to take a look at the legislation that would allow financial institutions to service cannabis businesses. As we’ve previously written about, there have been several calls for clarity on this banking issue.

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Banking Legislation State Laws Business 71

Cannabis Law Report

FEBRUARY 28, 2023

A unique cannabis public policy and industry experiment is ramping up in Malta where non-profit adult-use cannabis clubs are expected in the near future. The European nation became just the third country on earth to pass a national adult-use legalization measure […]

Banking 52

Banking Policy Legalization Cannabis 52

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. Legal but not Bankable. Most Americans live in states where marijuana is legally available in some form.

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Banking Dispensary Safety Seed-To-Sale 53

Cannabis Law Report

JULY 20, 2019

The banks actions will mean somebody at the FDIC will have to make some serious decisions that could lead to a number of ramifications for the cannabis sector not only in CA but also nationwide. A small California bank’s merger application could force the FDIC to take a firmer stand on marijuana banking.

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Banking Data Media Business 40