Cannabis Law Report

AUGUST 5, 2021

Here’s the press release… 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.

Banking 111

Banking Compliance Compliance Law 111

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 106

Banking Business Cannabis Access 106

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.

Banking 98

Banking Compliance Compliance Law 98

Cannabis Life Network

APRIL 6, 2020

TORONTO — Devastated bars and lounges, as well as the country’s hard-hit cannabis sector, will finally have access to $40 billion in new credit being made available via the government’s business bank during the COVID-19 crisis, its CEO said on Sunday.

Banking 61

Banking Programs Access Business 61

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. In late May, Louisiana lawmakers discussed a bill that would significantly expand the state’s medical cannabis program and offer access to thousands of more patients in the state that may benefit from cannabinoid therapies. The Bill as Passed.

Banking 52

Banking Programs Therapy Conditions 52

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 93

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

Banking 52

Banking Access Research and Development Policy 52

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

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

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

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

The Blunt Truth

SEPTEMBER 29, 2023

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. The big news this week is that, for the first time ever, a cannabis bill, the SAFER Banking Act, got a markup in the Senate. The MORE Act has been re-introduced and it’s possible the HOPE Act will become part of SAFER.

Banking 93

Banking DEA Legislation Decriminalization 93

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

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

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 90

Programs Retail Legislation Business 90

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

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

The Blunt Truth

DECEMBER 9, 2021

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. It looks like marijuana banking will not be part of the NDAA. Federal assistance with state expungement programs might be on the table. marijuana banking. marijuana banking. cbd regulation. and finally.

Banking 115

Banking Food CBD Events 115

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.

Banking 77

Banking Hemp Access Business 77

Cannabis Law Report

DECEMBER 1, 2021

Most consumer cannabis transactions are done in cash, legal or not. Since the United States classifies cannabis as a Title IV drug, the banking industry is unwilling and unable to provide services to cannabis operations. There’s even a loyalty program. Tsang has a long history in the banking world.

Banking 52

Banking Dispensary Wellness and Beauty Retail 52

Cannabis Law Report

SEPTEMBER 30, 2021

.–(BUSINESS WIRE)– #cannabisbanking –NatureTrak, the leading compliance and risk management solution for financial institutions serving the cannabis industry, today announces its newest customer, Southwest Capital Bank. ” To learn more about NatureTrak, visit www.naturetrak.com.

Banking 52

Banking Compliance Compliance Business 52

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.

Banking 72

Banking Hemp Environment Access 72

Cannabis Law Report

JUNE 16, 2019

On May 13th New Jersey’s Department of Health (“DOH”) amended it Medicinal Marijuana Program Rules, N.J.A.C. Phil Murphy’s Executive Order #6 tasking the DOH with reviewing all Medicinal Marijuana Program (“Program”) aspects to expand access and eliminate bureaucratic barriers. 24:6I-1, Et.

Programs 77

Programs Chronic Pain Marijuana Conditions 77

Cannabis Law Report

JUNE 28, 2022

DENVER – June 23, 2022 – Denver Economic Development & Opportunity (DEDO) has launched a targeted entrepreneurial assistance program for aspiring cannabis business owners that is specifically designed to boost ownership among individuals disproportionately impacted by marijuana prohibition and enforcement. Hancock said.

Programs 52

Programs Access Business Banking 52

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

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.

Banking 45

Banking Compliance Compliance Policy 45

Greenspoon Marder Cannabis Law Group Blog

AUGUST 26, 2019

Last week, the National Credit Union Administration (NCUA) issued interim guidance stating that federally insured credit unions may provide certain financial services to legally operating hemp businesses. The need for cannabis businesses to have access to banking services continues to gain federal support.

Banking 40

Banking Hemp Marijuana Events 40

Cannabis Law Report

JUNE 22, 2019

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. . PUBLISHER: CANNABIS LAW REPORT. THC when it is harvested and tested? .

Banking 45

Banking Hemp Business Agriculture 45

The Blunt Truth

MAY 12, 2023

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. This week, we have an update on the latest incarnation of the SAFE Banking Act. We look at the legalization signature drive in Ohio. Could this be the first step on the journey to enact the SAFE Banking Act?

Banking 52

Banking Programs Collective Food 52

Cannabis Law Report

SEPTEMBER 24, 2019

21 State Attorneys General Urge Congress Protect State Marijuana Programs From Federal Interference. AG Racine Leads Bipartisan Coalition of 21 States In Urging Congress To Pass Cannabis Banking Bill. 1028) or similar measures that would allow legal cannabis-related businesses to access the banking system. WASHINGTON, D.C

Programs 59

Programs Banking Marijuana Access 59

Cannabis Law Report

MARCH 16, 2020

Here’s the introduction to their piece………… Saint Vincent and the Grenadines has started its long-awaited cannabis cultivation amnesty program, a major move to pivot cultivators of illicit cannabis into the legal industry.

Cultivation 59

Cultivation Programs Banking Packaging 59

SpeedWeed

MARCH 12, 2021

At the start of legalization and coming into this space, there was little to no structure,” Hackett said. “We When medical cannabis was legalized, it was a natural segue for her into the industry, as the cannabis space is full of regulations, she said. . We really built the business from the ground up through trial and error.”.

Programs 52

Programs Legalization Seed-To-Sale Dispensary 52

Cannabis Law Report

JUNE 1, 2022

For many, it feels like Alabama’s medical cannabis program has been a work in progress for years. In addition to providing a full suite of legal services to cannabis companies, Whitt and the Cannabis Industry team advise non-cannabis clients – from banks to…. It was a year ago when this all started. Elizabeth R.

Programs 52

Programs Banking Cultivation Patients 52

The Blunt Truth

DECEMBER 16, 2022

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. This week, we report (with skepticism) on the chances of SAFE Banking making it into the omnibus bill. Staying in New England, we examine the potential for New Hampshire legalization. SAFE BANKING (SIGH).

Banking 111

Banking Hybrid Education Dispensary 111

Cannabis Law Report

NOVEMBER 23, 2021

The alliance showcases the strengths of both organizations: Shield Compliance offers a purpose-built AML/BSA compliance management software solution that enables financial institutions to unlock new revenue and scale cannabis banking operations. POSaBIT puts compliance at the center of everything it does. About Shield Compliance.

Compliance 52

Compliance Compliance Banking Seed-To-Sale 52

Cannabis Law Report

AUGUST 9, 2021

Welcome to our weekly roundup of CBD and hemp-related legal and regulatory news: CBD. A memo from the Farm Credit Administration to farm credit banks and associations on hemp financing has The National Industrial Hemp Council concerned that growers could have difficulty obtaining loans to expand their operations. CStore Decisions.

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Hemp CBD Legalization Edibles 105