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Rod Discusses Legal Challenges Facing Hemp and CBD with The CBD Guide (Podcast)

Cannabis Law Report

Some of the biggest legal challenges that cannabis businesses face, such as the lack of access to banking, and merchant processing. The FDA’s role in the cannabis legal landscape, and how the lack of leadership and regulation has led to complex state-by-state laws CBD companies must navigate.

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Duane Morris – Mondaq Article: United States: SAFE Banking Act Passes The House – Cannabis Banking May Soon Be Reality Last Updated: October 23 2019

Cannabis Law Report

The public safety concerns resulting from the dearth of cannabis banking has led dozens of state Attorneys General, the American Banking Association, and numerous other voices to urge the passage of legislation like the SAFE Banking Act so that the U.S. History of Marijuana Regulation and Banking Implications.

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Senate Committee Hearing Report – Challenges for Cannabis and Banking

Greenspoon Marder Cannabis Law Group Blog

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. .

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Article: Recap: Senate Committee Holds Hearing on Cannabis Banking

Cannabis Law Report

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. The hearing examined concerns raised by the cannabis industry because of the lack of access to banking infrastructure on the federal level.

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How to Get a Credit Union Account for Your Hemp Business

Canna Law Blog

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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Risky Business: Cannabis Security Interests and Secured Transactions

Canna Law Blog

It’s no secret many cannabis businesses can’t get bank accounts or loans or lines of credit from financial institutions because of the Bank Secrecy Act and federal anti-money laundering laws — despite current FinCEN guidance.

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Psilocybin Industry Leases: Key Provisions for Landlords and Tenants (Part I)

Cannabis Law Report

. §856 which states that it is unlawful to lease or lend money on any place involved in using, manufacturing, or distributing any controlled substance. The first question to ask a potential landlord is whether there is an institutional lender, like a Bank of America or U.S. Bank, with a mortgage on the property. BOTTOM LINE.