Canna Law Blog

AUGUST 23, 2019

Commercial marijuana activity remains a federal crime, and the Bank Secrecy Act (“BSA”) generally prohibits financial institutions from accepting marijuana-generated dollars. Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with state law.

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The Herb Collective

APRIL 29, 2019

Child-Resistant Packaging Even if child-resistant packaging on your cannabis products is driving you mad, you’re going to have to put up with it. The laws have said that it’s here in the long-term. A Cash-Only Industry The final California cannabis regulations still haven’t fixed the banking problem.

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Cannabis Law Report

SEPTEMBER 23, 2022

While SB 1326 and the SHIP Act have stirred excitement in both California-licensed cannabis companies as well as consumers living in states with regulated marijuana industries, these bills do not address the serious risk caused by the elephant still lurking in the room: the federal prohibition on cannabis.

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Cannabis Law Report

MARCH 26, 2020

That is why this week, NORML reached out to our numerous allies on Capitol Hill to ensure that any Unemployment Insurance aid packages considered by Congress provide relief to cannabis-industry personnel who have been or will be either furloughed from their jobs. even if the business is legal under local or state law.”.

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NORML

MARCH 22, 2019

House Financial Services Committee has scheduled to convene a markup on The Safe Banking Act, HR 1595 on Tuesday, March 26th. Activists in Oregon have filed a 2020 ballot initiative with the Secretary of State that, if approved, would allow social cannabis consumption sites and protect consumers from employment discrimination.

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Cannabis Law Report

MARCH 29, 2019

As most people know, state law provides very generous authority to local jurisdictions regarding operational requirements and standards. However, neither the state nor the locals have really provided any best practices for the industry.

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SpeedWeed

MARCH 10, 2021

Examples such as these underscore the importance of thoroughly researching the state law and local laws of a community before selecting one for your cannabis business. Because cannabis is still classified as a Schedule 1 drug, most banks will not provide accounts to or lend to cannabis companies. .

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Cannabis Law Report

OCTOBER 12, 2021

The brand is being created to represent a focused vision towards becoming a leading house of brands with a mission to empower consumers with access and a variety of trusted cannabis packaged goods. She brings 20 years of experience in the financial industry, specifically 10 years in banking and underwriting. Hollister Biosciences Inc.

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NORML

MARCH 29, 2019

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. House Judiciary Committee.

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Canna Law Blog

SEPTEMBER 6, 2020

This Assembly Bill addresses cannabis banking on the state level. It’s admirable of California to make it official that financial institutions (and accountants) don’t commit any crimes under state law by virtue of servicing cannabis businesses. There’s one issue though: federal law.

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Cannabis Law Report

JUNE 15, 2022

In addition, the licensees must execute a management agreement with a third-party operator to manage and operate the remaining facilities that the department will continue to permit in compliance with state law. The RSF assessment tool is designed to help OCC and a bank determine customer type for large risk analysis.

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The Joint Blog

JUNE 15, 2021

Before going deeper into it, make sure you have the license to operate legally in the state you are living in. Know your State Laws. State laws govern whether you can ope rate your cannabis growing business. And different states have different approaches to that. With that being said, S.A.F.E.

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SpeedWeed

JULY 17, 2021

Federal law enforcement would no longer be able to bust people for weed-related crimes, unless they were in violation of state law. Legal weed businesses would be able to open bank accounts, access loans, or list on the US stock market. Anyone wishing to comment can send an email to [email protected] by September 1.

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Cannabis Law Report

NOVEMBER 14, 2019

We also discuss why advocates have a problem with the SAFE Banking Act, the impediments to wide-spread legalization and the best ways for companies to navigate regulations. The SAFE Banking Act that passed yesterday, what are your thoughts on all of that? So, I’ll use the SAFE Banking Act. Okay, of past records.

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SpeedWeed

MARCH 24, 2021

In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Tony Repanich, President and Chief Operating Officer of Shield Compliance , a comprehensive compliance management platform for banking cannabis-related businesses. I spent 25 years in community banking and I loved it. So what was that like for you?

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The Blunt Truth

MARCH 20, 2020

With respect to cannabis specifically, SBA public affairs specialist Carol Chastang told Cannabis Business Times that “the SBA does not provide financial assistance to businesses that are illegal under federal law… even if the business is legal under local or state law.”.

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NORML

APRIL 26, 2019

At the state level, Governor Doug Burgum of North Dakota signed a package of bills into law to expand the state’s medical cannabis access program. Click here to email your lawmakers in support of banking access. Update : SB 51 was heard in the Senate Governance and Finance Committee on 4/24/19. CA resident?

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Cannabis Law Report

MARCH 21, 2020

With respect to cannabis specifically, SBA public affairs specialist Carol Chastang told Cannabis Business Times that “the SBA does not provide financial assistance to businesses that are illegal under federal law… even if the business is legal under local or state law.”.

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Canna Law Blog

OCTOBER 10, 2019

Clarify rule regarding additives on packaging and labeling. There is some confusion among industry members that certain additives, like terpenes, imported CBD, and other cannabinoids do not need to be disclosed on packaging. Current rules require all product components on packaging ( WAC 314-55-105 ).

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Cannabis Law Report

JULY 30, 2019

However, finalized rules on the shape, size, color, warning, packaging, and display of Edibles are currently lingering in final formation. . Instead, medical marijuana physicians will provide patients with a medical marijuana recommendation or “ order ,” in strict compliance with Florida state law. .

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Cannabis Law Report

OCTOBER 17, 2019

Selinger cites software, point-of-sale systems, and packaging as areas that are thriving in the state. Some of the regulatory controls include limits on THC, packaging and labeling requirements, and products that cannot be combined with THC (e.g., But lawyers should check their own state’s ethics opinions first.

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Canna Law Blog

JANUARY 10, 2023

After many attempts to get the SAFE Banking Ac t through Congress, I can say that the industry feels a little defeated on the federal front. Dems had two years of control to get the SAFE Banking Act passed and politics basically kept it from going through. Hence, SAFE Banking made a lot of sense. Even if Rep.

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SpeedWeed

JUNE 14, 2021

Dasheeda Dawson, Cannabis Program Manager for the City of Portland and Chair of Cannabis Regulators of Color Coalition (CRCC), said it’s fair to expect the Senate legalization package to go even further than the MORE Act when it comes to restorative justice, given the history of the Senators involved. “We Introduced in the House by Rep.

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SpeedWeed

JUNE 14, 2021

Dasheeda Dawson, Cannabis Program Manager for the City of Portland and Chair of Cannabis Regulators of Color Coalition (CRCC), said it’s fair to expect the Senate legalization package to go even further than the MORE Act when it comes to restorative justice, given the history of the Senators involved. “We Introduced in the House by Rep.

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Cannabis Law Report

SEPTEMBER 16, 2019

The three-judge panel’s ruling upheld in part a decision issued last year by Leon Circuit Judge Charles Dodson, who sided with Tampa-based Florigrown in a lawsuit alleging a state law, passed during a 2017 special legislative session, did not properly carry out the amendment.”

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SpeedWeed

JULY 14, 2021

All cannabis transported across state lines shall, upon arrival, be subject to the operation and effect of the laws of that state. The introduction of legislation that would federally decriminalize cannabis would have implications far beyond banking. View original article.

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Cannabis Law Report

MAY 14, 2022

Momentum Builds in Senate for Passing SAFE Act – Bipartisan support in the Senate grows for passage of the SAFE Banking Act, which would facilitate banking access for cannabis companies. Multiple Republican and Democratic senators continue to oppose cannabis legalization.

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Cannabis Law Report

DECEMBER 30, 2019

The hearing marked the first time in decades that members have entertained debate regarding the need to end the federal criminalization of cannabis and deschedule it from the Controlled Substances Act, which would end federal prohibition and allow states to determine their own policies. Progress on the SAFE Banking Act.

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Cannabis Law Report

JULY 29, 2022

For those twenty-one and older, the CAOA recognizes state law as controlling the possession, production, or distribution of cannabis. Industry experts expect the CAOA to serve as a building block for a more incremental reform package that Schumer has reportedly been discussing with bipartisan offices in both chambers.

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Cannabis Law Report

OCTOBER 19, 2021

The new bills and attached report language announced by Senate Appropriations Committee Chairman Patrick Leahy (D-VT), which are part of a package of legislation to fund the federal government for Fiscal Year 2022, also contain several additional cannabis-related provisions. Medical marijuana is currently legal over three dozen states, D.C.,

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