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? Finder.com write. How to find one.

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Banking Compliance Compliance Business 110

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.

Banking 91

Banking Marijuana Legislation Business 91

Veriheal

OCTOBER 18, 2021

With 19 states currently selling recreational cannabis, it may be tempting to forgo a medical card, even if you qualify as a patient. While recreational marijuana is accessible in many states for those of age, there are still some benefits to having a medical marijuana card and purchasing medical marijuana instead of recreational pot.

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Recreational Retail Patients Cannabis 98

Cannabis Law Report

JUNE 14, 2023

Marijuana Currently, 31 states plus the District of Columbia allow the recreational use of marijuana. In addition, 37 states and the District of Columbia currently allow marijuana to be used for medical purposes. Mark Belongia, Timothy Sullivan Hinshaw & Culbertson LLP I.

Banking 52

Banking Business Marijuana Hemp 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. House Bill 819.

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Programs Banking Marijuana Conditions 124

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.

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Banking Legislation Business Programs 66

Cannabis Law Report

OCTOBER 7, 2021

Read my op-Ed on Marijuana Banking [link]. At Marijuana Moment – Here’s the introduction. Most experts agree the ultimate legalization of marijuana at the federal level is a foregone conclusion—at this point it’s a matter of when, not if. — Rodney E. Hood (@Rodney_e_hood) October 8, 2021. By Rodney E.

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Banking Access Business Recreational 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

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

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. Medical marijuana was legalized in Pennsylvania back in 2016 and went into effect in 2018.

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Recreational Legalization Seed-To-Sale Pharmaceutical 98

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. In Yellowstone County, two medical marijuana dispensaries were burglarized on the same day in March.”.

Banking 66

Banking Legislation Safety Dispensary 66

Medical Marijuana Program Connection

MARCH 22, 2023

Missouri’s marijuana businesses have extra obstacles when it comes to getting help from financial institutions. With recreational marijuana now legal. Read More

Business 40

Business Access Banking Marijuana 40

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

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Banking DEA Recreational Packaging 104

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 initiative does not establish a licensed recreational marijuana market.

Law 111

Law Marijuana Legislation Retail 111

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

NORML

OCTOBER 15, 2019

4) US relations – border & banking. Removal of any unnecessary international banking/travel barriers for legal business and cannabis entrepreneurs. NORML Canada proudly welcomes our sister chapter to the South – NORML Michigan, to share insights on Michigan’s newly passed legal recreational cannabis bill.

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Legalization Advocacy Banking Access 196

WeedAdvisor

FEBRUARY 20, 2019

Banks Pushing for Access to Legal Marijuana Industry. In yet another unprecedented leap forward, United States banks are asking Congress to protect them from federal prosecution over dealing with legal marijuana businesses, according to U.S. This creates a problem for banks. do not have. Final Thoughts.

Banking 40

Banking Access Legalization Marijuana 40

Cannabis Law Report

JULY 2, 2019

The world of marijuana banking has been rife with compliance risks for years. While marijuana is still illegal federally, many states have legalized marijuana for medical and recreational use. Bank Secrecy Act Compliance. Eide Bailly LLP. However, there has been progress on the national level.

Banking 40

Banking Hemp Marijuana Compliance 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. . If you wish to re-publish this story please do so with following accreditation.

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Banking Hemp Business Agriculture 45

The Blunt Truth

MAY 21, 2020

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. The news getting the most attention this week is the reopening of Massachusetts’ recreational marijuana shops, scheduled for May 25. Recreational shops, however, had to close. cannabis banking.

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Banking Collective Recreational Hemp 115

The Blunt Truth

MAY 28, 2020

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. Oklahoma is having some medical marijuana issues. Massachusetts recreational shops reopened. Virginia decriminalized marijuana. The news is mostly happening in the states this week. massachusetts. virginia.

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Banking Decriminalization Recreational Hemp 99

Veriheal

JANUARY 12, 2022

The news, which was officially announced in a letter, confirmed that the bank would no longer be granting new acquisitions or “short” positions in cannabis-focused businesses. Marijuana Related Businesses,” reads an excerpt from the bank’s letter, which was addressed for the attention of its clients.

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Banking Business Cannabis Recreational 103

Greenspoon Marder Cannabis Law Group Blog

JULY 26, 2019

On Tuesday July 23, 2019, the United States Senate Committee on Banking, Housing, and Urban Affairs hosted a hearing to discuss national safety implications relating to federal regulations that force cannabis businesses to operate on a cash basis. And that puts them and the Americans they do business with at risk. .

Banking 40

Banking Cannabis Business Safety 40

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.

Banking 40

Banking Data Media Business 40

NORML

FEBRUARY 27, 2019

Currently, almost none of the businesses operating in the cannabis space can legally obtain a bank account, process a credit card, or take a standard business deduction on their federal taxes. “And when these businesses are forced to operate exclusively in cash, they create serious public safety concerns.”

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Banking Policy Business Safety 137

Cannabis Law Report

MAY 21, 2019

Marijuana Moment reports. Lacking banking services, many legal cannabis businesses operate solely in cash,” it says. This was an ongoing, thoughtful conversation the Association has been having for the last two years,” Read told Marijuana Moment. State Treasurers Group Endorses Marijuana Banking Legislation.

Banking 40

Banking Legislation Safety Collective 40

Veriheal

AUGUST 14, 2023

In a recent controversial move, Mastercard issued a directive to United States banks, ordering them to block cannabis purchases on its debit cards. This new mandate struck a chord because, unlike credit cards, debit cards are linked directly to an individual’s bank account.

Banking 98

Banking Dispensary Cannabis Recreational 98

The Blunt Truth

MARCH 12, 2020

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. In other federal action, the House Veterans Affairs Committee passed two bills related to medical marijuana. The other increases research into the efficacy of marijuana in treating chronic pain and PTSD. STATE NEWS.

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Banking Chronic Pain Hemp Decriminalization 105

Cannabis Law Report

MARCH 24, 2020

Wellness Connection filed a lawsuit in federal court Friday against the Maine department that oversees marijuana policy, claiming that residency restrictions on owners of recreational cannabis businesses violate the U.S. He said that because marijuana is illegal on a federal level, banks cannot provide loans.

Marijuana 76

Marijuana Recreational Policy Banking 76

The Blunt Truth

MARCH 28, 2019

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. No news is big news this week, as New Jersey failed to pass legislation legalizing recreational marijuana. And in West Virginia , the governor has signed a medical marijuana banking bill.

Banking 87

Banking Recreational Legislation Retail 87

Medical Marijuana Program Connection

FEBRUARY 15, 2023

A bill introduced at the state Legislature on Wednesday would eliminate the sales tax on medical marijuana, allowing recreational market. Read More

Marijuana 52

Marijuana Recreational Banking Medicine 52

Cannabis Law Report

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 initiative does not establish a licensed recreational marijuana market.

Law 52

Law Marijuana Legislation Retail 52

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 Life Network

APRIL 2, 2019

The post Hobo Recreational Cannabis Store – Retail Cannabis Officially Hits Ontario appeared first on Cannabis News | Marijuana News | Medical Cannabis News.

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Retail Recreational Cannabis Marijuana 44

Cannabis Law Report

JUNE 9, 2021

states have legalized recreational cannabis use, Mexico has taken a big step towards legalization setting itself up to become the largest legal cannabis market in the world, and two pieces of U.S. Just this year, five U.S. Just this year, five U.S. On May 28, 2021, House Rep. The MORE Act of 2021 has yet to be scheduled for a vote.

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Legalization Banking Advocacy Legislation 105

Cannabis Law Report

SEPTEMBER 24, 2019

As early as September 23, 2019, the United States House of Representatives is expected to vote on the widely anticipated Secure and Fair Enforcement (SAFE) Banking Act. Today’s cannabis industry encompasses the growth, processing, distribution, and other ancillary services related to both hemp and marijuana.

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Banking Law Compliance Compliance 40

Cannabis Law Report

NOVEMBER 2, 2021

The move follows similar actions by other banks, including Credit Suisse , after the high-profile collapse of private fund Archegos Capital this year left several banks nursing losses. While many states have legalized the medical or recreational use of cannabis, the substance remains illegal under U.S. “J.P.

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Banking Business Cultivation Recreational 52