Canna Law Blog

JANUARY 16, 2019

We represent a handful of banks (and a larger handful of credit unions), and we give those outfits advice on banking hemp and marijuana. A few of these clients are relatively nimble and bold, but at the end of the day they are still banks. We are optimistic that the hemp industry will have ample banking options.

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Banking Hemp Environment Access 72

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. New York state has a small medical program and is expected to approve recreational weed this year.

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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

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. Although some of our hemp clients are banked (and even have crop insurance) many others are still underserved. Senators, Sen.

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Banking Hemp Access Business 77

Cannabis Law Report

AUGUST 20, 2019

America’s state legislators come together at ALEC to grapple with public policy issues that didn’t exist five or ten years ago. They expect different programs and solutions from government. Task Force policy discussions will include: Calling on the Federal Government to Allow Banking for Cannabis Companies.

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Policy Legislation Research and Development Banking 59

NORML

MARCH 20, 2020

That is why these businesses continue to face undue discrimination under federal law, including the lack of access to banking services and a prohibition of standard business tax deductions. Federal dollars are going to support state programs — not to dictate how they must use the money.

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Business Legislation Access Policy 337

Cannabis Law Report

JULY 25, 2021

With banking options still difficult for cannabis businesses to access – including the ability to accept debit and credit cards – cannabis companies are still searching for ways to facilitate their merchant processing needs. The issues with cashless ATMs. Two accomplices were eventually fined and were sentenced to prison.

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Banking Programs Dispensary Business 105

SMPL

MAY 21, 2020

Louisiana lawmakers advanced three marijuana reform bills on Wednesday, and that includes legislation that would dramatically expand the state’s medical cannabis program and offer protections for banks that service marijuana businesses. Another bill introduced by Rep.

Banking 40

Banking Marijuana Legislation Patients 40

Veriheal

MAY 22, 2023

In April 2023, Maine’s Office of Cannabis Policy (OCP) reported an exodus of about 1350 cannabis primary caregivers from the state’s medical marijuana market between 2021 to January 2023. Business costs, banking regulations/fees, and competition with the adult-use market followed in succession. said utility cost. Who Are Caregivers?

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Programs Patients Cannabis Policy 74

Veriheal

DECEMBER 22, 2023

To secure these rights and protections, the resolution demands that workers have increased access to: Union Representation Specialized Training Apprenticeship Programs This comprehensive approach aims to set higher workplace standards for the cannabis industry.

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Legalization Supply Chain Banking Marijuana 117

Cannabis Law Report

NOVEMBER 15, 2021

Vice-President Michele Nakata, Supervisor of the Medical Cannabis Dispensary Licensing Program at the Hawaii Department of Health. Immediate Past President Norman Birenbaum, Director of Cannabis Programs at the New York State Executive Chamber. Banking, Finance, and Taxation. Packaging, Labeling, and Advertising.

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Compliance Compliance Topical Programs 98

Canna Law Blog

MARCH 11, 2022

The policy is part of the Marijuana Regulation and Taxation Act’s (MRTA) social and economic equity plan, which Simon Malinowski wrote about in this blog post last April. Numerous states that have legalized marijuana have adopted some form of social equity programs. These programs are not without critics ).

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Retail Policy Banking Programs 79

Cannabis Law Report

NOVEMBER 18, 2021

Sahar Ayinehsazian is based in VS’s Los Angeles office, where she focuses her practice on cannabis banking, corporate transactions, and regulatory compliance. He has developed community outreach programs, created impact plans, and negotiated host community agreements with over 60 cities and towns across Massachusetts.

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Banking Compliance Compliance Law 96

Cannabis Law Report

AUGUST 12, 2021

Applications for medical marijuana dispensaries available for the first time since 2010, caregiver applications added to Office of Marijuana Policy’s electronic offerings. This milestone marks the first time in the medical program’s history that applications have been available electronically.

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Marijuana Dispensary Programs Retail 105

Cannabis Law Report

JULY 1, 2021

The policy was updated last month to remove the ban, with some restrictions. A marijuana app must be geo-restricted to jurisdictions where cannabis is legal, and the program must be “submitted by a legal entity that provides the services, and not by an individual developer.”. Here’s what the previous policy said: .

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Vaping Consumption Policy Banking 119

Cannabis Law Report

SEPTEMBER 9, 2021

The current public policies in local and state cannabis ordinance and equity programs may enhance racial disparities if they follow the pattern of exclusion and criminalization that encompass past policies promoted as beneficial to African Americans but uphold racial capitalistic practices. Authored By: By Dr. Ayoka Nurse.

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Policy Research and Development Collective Banking 105

Cannabis Law Report

JULY 2, 2019

LegitScript, the global leader in merchant and product certification and monitoring in the e-commerce and payment sectors, has launched a new certification program for legally compliant CBD products and websites. LegitScript’s CEO, John Horton, said the program will bring transparency and structure to the CBD industry.

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SMPL

AUGUST 14, 2019

The American Bar Association (ABA) adopted a resolution on Monday that calls on Congress to allow states to set their own marijuana policies and recommends rescheduling or descheduling cannabis under federal law.

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Policy Research and Development Marijuana DEA 40

Cannabis Law Report

APRIL 25, 2022

monetary banking protocols among cannabis and hemp operators as well as those who are meeting good manufacturing practices. monetary banking protocols among cannabis and hemp operators as well as those who are meeting good manufacturing practices. It also determines both outstanding U.S. It also determines both outstanding U.S.

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Hemp Banking Safety Compliance 52

Cannabis Law Report

JUNE 16, 2022

According to figures published in the DEA’s Domestic Cannabis Eradication/Suppression Program Statistical Report, agents and their partners confiscated approximately 5.53 million plants via its domestic eradication program. Federal law enforcement agents and their partners seized over 5.5 million plants were confiscated).

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DEA Marijuana Programs Data 52

NORML

JANUARY 19, 2020

The US House Energy and Commerce Subcommittee on Health will hold a legislative hearing entitled “Cannabis Policies for the New Decade.” ” This marks the first time that members of the Energy and Commerce Committee will hear and debate issues specific to marijuana policy reform. FL resident? IN resident? NJ resident?

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Legislation Decriminalization Access Patients 247

Cannabis Law Report

AUGUST 10, 2022

– 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. 1] The most recent state to pass legislation is Rhode Island, which authorized an adult use program.

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Legalization Banking Legislation Compliance 52

Cannabis Law Report

AUGUST 9, 2021

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. Agri Pulse. Texas court overturns ban on distribution, sales of smokable hemp products.

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Hemp CBD Legalization Edibles 105

SpeedWeed

APRIL 3, 2021

Cuomo’s administration projects that legalization could generate 30,000 to 60,000 jobs across New York and that tax collection from the program could reach $350 million annually, the release states. ” Melissa Moore, New York state director for the Drug Policy Alliance commended Sen.

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Programs Cultivation Legislation Retail 52

SpeedWeed

FEBRUARY 19, 2021

18 missive to Congress, the CANNRA outlined its policy priorities, including: Reinstituting the Cole Memorandum. Attorney General Jeff Sessions, the Cole Memo provided protections from federal enforcement for state-legal cannabis programs or providing those protections through other means. Rescinded in 2018 by former U.S.

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Research and Development Marijuana Banking Policy 52

Canna Law Blog

JUNE 24, 2020

At issue is the impact that hemp businesses banking may have on credit union obligations under the Bank Secrecy Act and implementing regulations, sometimes known as anti-money laundering legal authority (“AML”). Thus, federally-chartered credit unions would look to NCUA, not CUNA, for guidance on hemp banking.

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Hemp Banking Agriculture Digestion 95

The Blunt Truth

JUNE 11, 2020

Iowa votes to reform its medical marijuana program. The organization sent a letter this week to the SBA asking them to reconsider their policy barring companies that have any dealings with cannabis firms from receiving money under the PPP. The Iowa Senate passed a bill making changes to the state’s medical marijuana program.

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Pets Decriminalization Banking Programs 95

MMJ Recs

MARCH 16, 2024

Regulatory Framework and Policy Implications The regulatory framework governing the medical marijuana industry has profound implications for businesses, consumers, and society as a whole. Policy decisions related to taxation, zoning, and advertising also impact the industry’s operations and growth trajectory.

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Supply Chain Research and Development Marijuana Seed-To-Sale 105

SpeedWeed

FEBRUARY 19, 2021

Cuomo today announced 30-day amendments to the Governor’s proposal to establish a comprehensive adult-use cannabis program in New York. The grants from this program may also be used to further support the social and economic equity program. ALBANY, New York, Feb. 17, 2020 – PRESS RELEASE – Governor Andrew M.

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Programs Legislation Decriminalization Safety 40

NORML

JUNE 14, 2019

Another hearing is scheduled for Thursday, where the Veterans Affairs Committee will discuss various bills that are pending regarding medical cannabis programs and veterans access. Click here to email your lawmakers in support of compassionate care programs. Click here to email your lawmakers in support of banking access.

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Legislation Banking Access Hemp 151

The Blunt Truth

JANUARY 13, 2022

One of cannabis banking’s leading advocates announced his retirement this week. Ed Perlmutter (D-CO), author of the SAFE Banking Act, has said he will not seek re-election this year. We’ve reported before on “Joints for Jabs,” a program in DC that gave out free cannabis to those getting COVID vaccines. and finally.

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Events Banking Legislation Legalization 111

Canna Law Blog

AUGUST 2, 2022

It’s a policy idea, or directive. I’ll be interested to see how industry feels about this policy change. Inflation is taking a toll on everything from wages to investment, and the classic struggles around taxation, banking, etc. For now, it’s important to note that the Release isn’t a new rule.

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Environment Compliance Compliance Policy 77

Cannabis Law Report

JULY 8, 2021

First of Its Kind Under Apple’s New Policy, Eaze Customers Will Be Able to Buy Cannabis Directly In-App. Apple recently changed that policy, enabling Eaze to create a shopping experience that is easier, more fun, and reflects how many people actually shop today. Available For Download Now. www.eaze.com. Elizabeth Ashford.

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Policy Access Banking Cannabis 111

Cannabis Law Report

MAY 24, 2019

When asked about the reasons for the launching the new program, which comes after years of refusing to work with CBD companies, the spokesperson said that the company closely watches evolving public policies and strives to create new opportunities for clients. Forbes Reports. ” More at.

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CBD Banking Legislation Safety 60

SpeedWeed

MARCH 9, 2021

and becoming legal, regulated, and accepted in more states, one thing the cannabis industry struggles with is having access to services that most businesses have access to, including banking and insurance. The American Association of Insurance Services (AAIS CannaBOP program is the first of its kind to serve the industry in this way. . “As

Business 52

Business Banking Programs Access 52

The Blunt Truth

DECEMBER 26, 2019

In February, we saw the first ever Congressional hearing on cannabis banking. On the federal level, however, the SAFE Banking Act was approved by the House Financial Services Committee (45-15). On to July, when the Senate Banking Committee had a hearing on cannabanking. The Senate failed to take action on the banking bill.

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Banking Hemp Agriculture Seed-To-Sale 71

Cannabis Law Report

JUNE 20, 2019

House of Representatives soundly approved by a 267-165 vote an amendment protects state-legal cannabis programs from interference by the U.S. territories from implementing their adult-use and medical marijuana programs. In ‘historic vote,’ US House protects state-legal cannabis programs. Department of Justice.

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Programs Legislation Advocacy Law 45