Canna Law Blog

AUGUST 28, 2022

The Department of Treasury –through FinCEN –has slowly opened the door for banks to do business with those in the cannabis industry. And when it comes to cannabis and public policy, the FTC is much closer to the NLRB than, let’s say, the IRS. CBD consumer safety enforcement. FTC and CBD.

Safety 78

Safety CBD Research and Development Business 78

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

Cannabis Law Report

JULY 1, 2022

Portland, OR. – Outdated federal barriers to banking services continue to severely impact the legal cannabis industry in Oregon and nationwide. Cannabis banking should be a priority,” stated OLCC Chair Paul Rosenbaum. He continued, “This is certainly an achievable policy step that will save lives – now.”.

Banking 52

Banking Business Access Safety 52

NORML

FEBRUARY 27, 2019

As the tentacles of the federal policy of cannabis prohibition run deep into nearly every sector of American public policy, a new voice emerged to call for clarity regarding state-legal cannabis marketplaces: Federal Reserve Chair Jerome Powell. Cannabis businesses ought to be held to the same standards as other commercial enterprises.

Banking 142

Banking Policy Business Safety 142

Canna Law Blog

MARCH 17, 2019

Great news: on March 7, 2019, the “ Secure and Fair Enforcement Banking Act of 2019 ” (or, the “SAFE Banking Act”) was officially introduced in the House of Representatives. If Congress fails to act, we are discouraging responsible, regulated markets and allowing a serious public safety threat to go unaddressed.”. Stay tuned.

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Banking Marijuana Safety Business 74

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. Thursday, June 17, 2021. Washington, D.C. Oregon’s U.S. Senator Jeff Merkley and U.S.

Banking 66

Banking Legislation Safety Dispensary 66

Cannabis Law Report

SEPTEMBER 25, 2019

House of Representatives approved the Secure and Fair Enforcement (SAFE) Banking Act 321-103. It is the first standalone cannabis policy reform bill to ever reach a House floor vote. Neal Levine of the Cannabis Trade Federation states … The bipartisan SAFE Banking Act ( H.R.1595 In a vote Tuesday, the U.S.

Banking 55

Banking Safety Compliance Compliance 55

Cannabis Law Report

MAY 21, 2019

The measure, which makes clear that the group “takes no position as to whether cannabis should be legalized under the laws of the United States or of any state,” highlights the public safety issues caused by current federal policy, which makes many financial services providers reluctant to work with the marijuana industry.

Banking 40

Banking Legislation Safety Collective 40

SpeedWeed

FEBRUARY 15, 2019

Six years after introducing the Secure and Fair Enforcement (SAFE) Banking Act, a cannabis banking reform measure, co-author Denny Heck finally saw it enjoy its first committee hearing in Congress on Wednesday. Here’s How Cannabis Companies Are Banking Legally on the Down Low. “We are all late,” Rep. .

Banking 53

Banking Dispensary Safety Seed-To-Sale 53

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 Recreational Cannabis 98

Cannabis Law Report

MARCH 22, 2022

n the wake of a deadly spate of armed robberies at three cannabis retail stores which resulted in three deaths within four days, the Liquor and Cannabis Board (LCB) will next week host an online roundtable to discuss safety at cannabis retailers. Opportunity to Share and Influence. This surpasses the number of robberies in all of 2021.

Retail 52

Retail Banking Safety Events 52

Cannabis Law Report

APRIL 25, 2022

” The Public Health & Safety Cannabis Financial Service Certification helps law enforcement and state regulators distinguish legal cannabis operators from illicit. monetary banking protocols among cannabis and hemp operators as well as those who are meeting good manufacturing practices. Department of Treasury and FinCEN.

Hemp 52

Hemp Banking Safety Compliance 52

Cannabis Law Report

NOVEMBER 15, 2021

As we collectively analyze and respond to emerging issues in the cannabis industry, we will continue to be the preeminent voice in cannabis regulatory policy.”. Lab Testing and Product Safety. Banking, Finance, and Taxation. Impaired Driving and Traffic Safety. Social and Economic Equity. Medical Use and Research.

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Compliance Compliance Topical Programs 98

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. His corporate practice focuses primarily in the areas of mergers and acquisitions, corporate finance, capital raising (debt and equity), and bank regulatory compliance.

Banking 40

Banking Law Compliance Compliance 40

Canna Law Blog

SEPTEMBER 26, 2019

Moreover, the lawmakers are hoping that regulatory certainty will provide stakeholders access to banking services and open up new economic opportunities for the industry while at the same time protect consumers. The spending reports mandates the FDA to clear a path for the lawful marketing of these products within 120 days.

Hemp 86

Hemp Law CBD Banking 86

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. NH resident? NH resident? NJ resident?

Legislation 247

Legislation Decriminalization Access Patients 247

Cannabis Law Report

JANUARY 12, 2022

Today, Maya (Maya PBC) and the National Psychedelics Association (NPA) announced their partnership in support of the implementation of Oregon’s Measure 109, the first state-approved policy to allow the regulated use of psilocybin products in a facilitated setting.

Research and Development 52

Research and Development Therapy Safety Clinical Trials 52

SpeedWeed

FEBRUARY 19, 2021

18 missive to Congress, the CANNRA outlined its policy priorities, including: Reinstituting the Cole Memorandum. Facilitating access to banking and other traditional financial services. Facilitating access to banking and other traditional financial services. Coordinating product-safety standards across state jurisdictions.

Research and Development 52

Research and Development Marijuana Banking Policy 52

Cannabis Law Report

JULY 2, 2021

The Cannabis Freedom Alliance (CFA) will take this opportunity to provide you each month with relevant news, policy, and legislative updates on how CFA and its members are marching towards the goal of ending cannabis prohibition. A new report from the Marijuana Policy Project shows that states have collected $7.9 billion in 2020 alone.

Policy 119

Policy Legislation Cannabis Legalization 119

Veriheal

FEBRUARY 18, 2022

Following the announcement of Velieva’s eligibility, Richardson took to Twitter to call out the Olympic Committee’s uneven enforcement of its drug policy. In the meantime, the state’s Liquor and Cannabis Board is communicating the following safety tips with cannabis retailers : Hire armed security guards.

Dispensary 93

Dispensary Policy Retail Safety 93

Cannabis Law Report

MAY 17, 2019

The Sacramento Bee reports……The survey found that 82 percent of surveyed bank executives support Congress passing a law allowing financial institutions to do business with cannabis companies, a practice that is restricted because marijuana is considered an illegal narcotic at the federal level. would likely open up their services.

Access 55

Access Banking Safety Events 55

Cannabis Law Report

MARCH 5, 2020

State budget forecasters are banking on a robust kickoff, however, estimating $5 million in sales by the end of the month. Maine is “very close” to issuing the first round of conditional recreational business licenses, said Erik Gundersen, the director of the Office of Marijuana Policy. State licenses health and safety testing labs.

Dispensary 59

Dispensary Safety Conditions Banking 59

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. ” More at.

CBD 60

CBD Banking Legislation Safety 60

Cannabis Law Report

SEPTEMBER 12, 2021

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. He also said that he feels legalization at the federal level is an inevitability. Here’s his full presentation.

Banking 89

Banking Law Legalization Hemp 89

Cannabis Law Report

JULY 22, 2019

Specifically, they called for the passage of the Secure and Fair Enforcement Banking Act, a pending bipartisan bill that would allow financial institutions to serve legitimate cannabis businesses in states that have legalized the drug. Congress can solve the cannabis banking conundrum now. By Rob Nichols, Jim Nussle.

Banking 40

Banking Safety Business Legislation 40

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. Regulations vary significantly by jurisdiction but typically encompass licensing requirements, product safety standards, and distribution protocols.

Supply Chain 105

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

Cannabis Law Report

SEPTEMBER 23, 2022

However, the bill does include provisions that would allow some convictions to appear on background checks for certain safety-sensitive employment positions.). The Clean Slate Act, or H.R. The Fresh Start Act, or H.R. Members of the House have shown a commitment this term to advancing cannabis reform,” said Fox.

Banking 52

Banking Legislation Policy Education 52

CannaMD

APRIL 15, 2020

The National Organization for the Reform of Marijuana Laws (NORML) has issued marijuana policy guidance for lawmakers during the coronavirus (COVID-19) crisis, along with a statement regarding the designation of medical cannabis facilities as “essential.” NORML: COVID-19 Memo to Lawmakers.

Policy 55

Policy Patients Dispensary Banking 55

Cannabis Chronicles

MAY 22, 2019

We’ll hand them an iPad, and ask them to fill out a couple quick surveys,” said Michael McDonell, chair of WSU’s Collaboration on Cannabis Policy, Research and Outreach. This partnership with WSU and Qwibil will help us research the safety and efficacy of cannabis as medicine for our patients’ use.”.

Medicine 140

Medicine Research and Development Data Collective 140

Cannabis Law Report

NOVEMBER 16, 2019

What alerted me to this CDR article and the message it carried was the developing similarity between the integration of funds into mainstream banking that have their derivation in the cannabis industry, and the policy position of both the U.S. federal and the UK’s national banking systems. This is a public safety hazard.

Banking 45

Banking Legalization Research and Development Cannabis 45

Cannabis Law Report

DECEMBER 16, 2021

This year our office wrote about the various legislative and policy changes – We break down 2021’s highlights below. The 2021-2022 State Budget Bill consolidated the three cannabis agencies – the Bureau of Cannabis Control, CalCannabis, and Manufactured Cannabis Safety Branch – into the DCC to try and streamline application processes.

Law 98

Law Supply Chain Banking Cultivation 98

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. Senate Bill 45 would make this policy consistent for juvenile offenders. Update : HB 1383 was heard and approved by the Committees on Judiciary and Public Safety, Intergovernmental, and Military Affairs on 3/19.

Legislation 139

Legislation Hemp Patients Compliance 139

Cannabis Law Report

JANUARY 21, 2022

Previously, Mr. Coniglio was a Managing Director at JPMorgan, leading three separate investment banking businesses to #1 positions over his 14 year career at the firm. Looking forward to shaping cannabis policy and growing the market internationally. Liz Rogan – Cannabis Educator, Consultant, Botanist, Brand Strategist.

Research and Development 52

Research and Development Education Advocacy Policy 52

NORML

MARCH 8, 2019

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. IA resident?

Legislation 174

Legislation Patients Access Seed-To-Sale 174

Cannabis Law Report

SEPTEMBER 27, 2021

The Cannabis Growth ETF will be traded on the NYSE ™ , and will pursue the identical investment objective, apply the same investment policies and use the same principal investment strategies as the Fund. About Foothill Capital.

Banking 52

Banking Access Cannabis Safety 52

Veriheal

AUGUST 3, 2021

The newly signed legal framework will boost medical cannabis purchase limits, as well as prolong specific policies that were imposed on a temporary basis when the coronavirus (COVID-19) health crisis initially erupted. On Wednesday, June 30, Governor Tom Wolf (D) of Pennsylvania signed medical cannabis legislation amendments into effect.

Legislation 98

Legislation Patients Supply Chain Dispensary 98

NORML

FEBRUARY 22, 2019

Update : HB 2149 was approved by the Public Safety Committee on 2/20. Legislation is pending, House Bill 2980, to amend the Illinois Banking Act and the Illinois Credit Union Act in a manner that facilitates banks and other financial institutions to safely conduct transactions with licensed marijuana businesses. AZ resident?

Legislation 182

Legislation Hemp Compliance Compliance 182