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Just as doctors are entrusted to make decisions with regard to the supervised use of opioids and other medicines – many of which pose far greater risks to patients than cannabis – the law should provide doctors with similar flexibility when it comes to recommending cannabis therapy to a bona fide patient.”
SPOKANE — Researchers at Washington State University are teaming up with the Puyallup Tribe of Indians in an effort to chart the tribe’s outcomes prescribing medicinal marijuana to patients. This partnership with WSU and Qwibil will help us research the safety and efficacy of cannabis as medicine for our patients’ use.”.
During this worldwide health emergency, it is more important than ever that patients have safe, above-ground, uninterrupted access to lab-tested cannabis medicine. It is more important than ever that essential cannabis retailers have equal access to banking and small business financial assistance. .” Download the Resource Guide.
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.
Yet, despite the economic and political progress that has been made in states around the country, marijuana is still defined by federal law as a Schedule I substance with no medicinal value and a high potential for abuse.
There is a growing body of evidence that suggests the medicinal benefits of cannabis, including its ability to prevent epileptic seizures, mitigate pain, reduce anxiety, and even halt the growth of cancer cells. Medical Reforms. We are calling for common sense reforms that are long overdue. However, the U.S.
Just as doctors are entrusted to make decisions with regard to the supervised use of opioids and other medicines – many of which pose far greater risks to patients than cannabis – the law should provide doctors with similar flexibility when it comes to recommending cannabis therapy to a bona fide patient.”
Louisiana’s medical marijuana program may have been established three years ago, but patients were not granted access to medicine until August of 2019 when the first round of the product became available. Federal Law: SAFE Banking Act. Some Senators may need encouragement from you, the constituents, to support the SAFE Banking Act.
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.
Even with growing marijuana for personal and medicinal reasons has been legalized in many places in the USA it can still be a daunting task to buy marijuana seeds. These are our picks for the best seed banks in no particular order: Marijuana Seeds NL (MSNL). Often known as the original seed bank and well known in the market.
Even with growing marijuana for personal and medicinal reasons has been legalized in many places in the USA it can still be a daunting task to buy marijuana seeds. These are our picks for the best seed banks in no particular order: Marijuana Seeds NL (MSNL). Often known as the original seed bank and well known in the market.
With Virginia set to start flower sales in late Q3 or early Q4, Jushi also plans to launch two of its flower brands, The Bank and Sèche , to help meet growing patient demands. Premium Flower: The Bank. Medicinal: Nira + Medicinals. Fine Grind, Fine Flower and Single Pre-Rolls: Sèche.
Passage of this legislation is important because the Arizona Court of Appeals recently ruled that patients who rely on these products are not protected under the law and could face felony penalties for simply using their medicine. Click here to email your lawmakers in support of banking access. AZ resident? IL resident? WV resident?
Former Eaze consultants get sentenced to jail time for committing bank fraud. Video Transcript: Former Eaze consultants land jail time for bank fraud. Sleazy Eaze Consultants Face Jail Time for Bank Fraud. The company faced some legal troubles when employees got caught defrauding banks.
From that important step everything follows, from banking regulations to changes in incarceration to consumer acceptance. The more cannabis is proven to be safe and controllable and effective as a medicine, the more likely it is that the powers that be will remove the last remaining barriers to a relatively free market for cannabis products.
Despite rapidly growing interest in the medical cannabis industry, the head of the industry’s regulator has identified banking obstacles at the top of several challenges hampering investment. Read More
Following a 40-year hiatus, research and development into the potential applications of psychedelic medicines has resurfaced. SIAN BANKS. Unfortunately this is behind the Lexology paywall, but we thought we’d mention anyway as it is one of the few articles on the Topic to be authored from a UK perspective.
Another piece of legislation included a provision to allow cannabis businesses to have equal rights and access to banking despite their affiliation with cannabis. Now if they would only allow for patients to grow their own medicine… it would be a dream come true for many.
Venture capital funding, credit, loans and even rudimentary banking services are taken for granted in other markets, but not in the cannabis industry. Testing labs routinely have their “banking” shut down. Lack of banking also means many manufacturers of scientific equipment won’t sell into the industry, period.
For example, in the public function he served as Undersecretary of Small and Medium Enterprises and Regional Development, Director of the Banco de la Nación Argentina and General Manager of the Central Bank of the Argentine Republic. for industrial and / or medicinal use.
House Bill 1359 would create a 5 year medical marijuana pilot program, allowing patients to access their medicine from licensed dispensaries. Legislation is pending, A2210, to create a state bank to provide financial services to licensed marijuana business operating in accordance with state law. IN resident? NJ resident? New Mexico.
(NASDAQ:AFCG) (“AFC Gamma”) today announced that it has entered into a senior secured revolving credit facility (“Credit Facility”) with $60 million of current commitments from two FDIC-insured banks and the ability to increase the facility to $100 million.
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.
So began decades of millions of arrests, particularly of African Americans , and an inability for researchers to study and unlock cannabiss full medicinal value due to its status as federally illegal. This policy ensured significant penalties and incarceration for possession, cultivation, and trafficking for anyone found guilty in the U.S.
A certified, GMP-approved cannabis medicine grown in California cannot be shipped to a patient in China or Australia or New York for that matter. We shared our belief that plant-based medicines are the future and we came to Davos to spread that message among the forum’s influential attendees.
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.
The second year, I created A Friend Indeed , a small program that helps Veterans, patients battling cancer, and anyone in desperate need with personalized equipment, genetics, and other resources to legally grow their own medicine at home. I collaborated with partners, built recourses, and officially launched the program in April 2022.
million projected after the legalization of cannabis cultivation and sales for medicinal purposes in December 2018. This extends to banks, such as those in the Caribbean, that, as a result of their correspondent banking relationships with the US, are restricted when it comes to cannabis. Only US $2.2 Only US $2.2
Since, we have provided more than three dozen Veterans with nutrients, grow materials, and hundreds of seeds to assist Veterans in growing their own medicine. Although we have donated almost all our nutrients and grow equipment, we still have a deep seed bank that should be able to accommodate a wide range of specific preferences and effects.
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.
Eleven states have allowed for legal adult and medicinal use of cannabis in a regulated program. With this federal classification, the cannabis industry is isolated from banking and, in many cases, reduced to a cash-only venture. Senate Committee Holds Hearing on Cannabis Banking. Additionally, this means that a $1.5
House Financial Services Committee has passed The Safe Banking Act, HR 1595 out of committee this week. Governor Jim Justice (R) of West Virginia signed legislation into law that allows financial institutions to provide banking services related to the state’s medical marijuana program. It now awaits consideration by the U.S.
” Green and Adetunji faced several barriers while building a successful online platform for medical marijuana patients, from having doors closed to investors and banks and navigating the confusing landscape of healthcare, medical cannabis law, and technological challenges. .
The Bangkok Post explains that Charnvirakul was in the Nakhon Phanom province to launch the “Cannabis Kickoff on Mekong Bank” event when he encouraged citizens to cultivate and announced important information regarding this new legal state of cannabis. .
This week, a bipartisan coalition of more than 100 co-sponsors has reintroduced legislation in Congress, The Secure and Fair Enforcement Banking Act (SAFE Banking Act), HR 1595, to allow state-licensed marijuana-related businesses to engage freely in relationships with banks and other financial institutions. WV resident?
CYBN ) is a Toronto-based psychedelic medicine firm. Compass Pathways plc ( CMPS ) was the first psychedelic medicine company to list on the Nasdaq exchange and is one of the industry’s current market-cap leaders. At the moment, MindMed is hands-down the industry leader in LSD-inspired medicines. Doug Drysdale of Cybin.
Attorney General and Minister for Economy Aiyaz Sayed-Khaiyum told Parliament this week that this was the space they wanted to get into and not into growing hemp with high THC content that are used for medicinal purposes in some countries.
With Nevada NORML’s Virtual Lobby Day, volunteers will be utilizing a variety of communication mediums, from letter writing campaigns to phone banking and social media, to contact their representatives to demonstrate support for these federal bills. ” said Nevada NORML Director Madisen Saglibene.
Top Federal Financial Regulator Slams Congress Over Marijuana Inaction And Calls For Interagency Banking Workgroup. Hood Remarks at the PBC Conference 2021: Payments, Banking, Compliance in the Cannabis Industry. Here’s his full presentation. September 2021. NCUA Board Member Rodney E. Board Member Rodney E. The Hemp Precedent.
Now that more than half of the states in the nation have legalized cannabis for either medicinal or recreational purposes, those state-legal businesses deserve to be able to operate as such. It also allows legal cannabis businesses to have access to normal banking services, permits U.S.
Shareholders whose 48North Shares are registered in the name of a broker, dealer, bank, trust company or other nominee should contact their nominee regarding the receipt of the consideration. Norton Rose Fulbright Canada LLP acted as legal counsel to HEXO, and Bennett Jones LLP acted as legal counsel to 48North. View original article.
Greg is based out of San Francisco and runs Heally, a B2B platform that is aggregating cannabis, psychedelics, homeopathy, and other alternative medicine clinics using their EMR/telemedicine software. The legislation would require the DOH and the Board of Medicine to submit a report by Sept. Greg Rovner, CEO of Heally.
The Cannabis Authority consists of nine people, who represent “a faith-based organization, civil society, and one person each from the fields of banking, law, agriculture, scientific research, pharmacy, and medicine.”
With Nevada NORML’s Virtual Lobby Day, volunteers will be utilizing a variety of communication mediums, from letter writing campaigns to phone banking and social media, to contact their representatives to demonstrate support for these federal bills. ” said Nevada NORML Director Madisen Saglibene.
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