NORML

MARCH 20, 2020

In short, federal anti-drug laws continue to define the state-authorized cannabis industry, and those who work in it, as drug felons. 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.

Business 332

Business Legislation Access Policy 332

Canna Law Blog

JUNE 22, 2023

states have began to relax or repeal local cannabis prohibitions in spite of federal and international prohibitions. Certain countries, including Canada, have gone further and introduced full-fledged federal regulatory programs. In the last few decades, U.S.

Banking 56

Banking Access Topical State Laws 56

The Blunt Truth

SEPTEMBER 10, 2019

Within its memorandum to members, the NCUA provided: 1) a summary of repercussions generated by the 2018 Farm Bill, 2) specific compliance program concerns with regard to the Bank Secrecy Act (BSA) and Anti-Money Laundering Act (AML), and 3) considerations under existing NCUA regulations for lending.

Hemp 78

Hemp Business Compliance Compliance 78

NORML

JANUARY 19, 2020

The bill would prohibit employers terminating an employee for the employee’s lawful off-duty activities that are lawful under state law even if those activities are not lawful under federal law, such as consuming cannabis. Send a message to your lawmakers in support of banking access.

Legislation 245

Legislation Decriminalization Access Patients 245

Cannabis Law Report

DECEMBER 14, 2019

On December 3, 2019, four federal agencies, in consultation with state banking regulators, clarified the legal status of hemp growth and production under the Bank Secrecy Act (BSA) for banks 1 providing financial services to hemp-related businesses. JD Supra Release. The Joint Statement.

Hemp 59

Hemp Business Banking Agriculture 59

The Blunt Truth

SEPTEMBER 3, 2020

And speaking of CBD, Seyfarth has a program coming up on that topic. Nebraska Secretary of State Bob Evnen approved a medical marijuana initiative to appear on the November ballot late last week. It’s been a busy week for the Golden State. Assembly Bill 1525 allows cannabis banking under California state law.

DEA 98

DEA CBD Banking Edibles 98

Canna Law Blog

OCTOBER 30, 2019

Earlier this month, on October 3, the California Department of Business Oversight (the “DBO”) issued a Cannabis Banking Guidance memorandum to its state-chartered financial institutions (banks and credit unions) to help them make appropriate risk assessments in serving cannabis-related businesses and comply with federal guidelines.

Business 43

Business Banking Programs Compliance 43

Cannabis Law Report

SEPTEMBER 10, 2019

Within its memorandum to members, the NCUA provided: 1) a summary of repercussions generated by the 2018 Farm Bill, 2) specific compliance program concerns with regard to the Bank Secrecy Act (BSA) and Anti-Money Laundering Act (AML), and 3) considerations under existing NCUA regulations for lending.

Hemp 45

Hemp Business Compliance Compliance 45

Cannabis Law Report

SEPTEMBER 16, 2022

The region has been instrumental in highly regulated industries, such as alcohol and tobacco, and the only federally sanctioned cannabis grow program has operated at the University of Mississippi since the 1960s. Although several Southern states have enacted medical cannabis programs, no states have embraced recreational use of cannabis.

Law 52

Law Programs Cultivation Dispensary 52

Veriheal

JULY 22, 2020

Despite 33 states having legal, medical cannabis programs in the United States, the majority of veterans who utilize cannabis obtain it from the illicit and unregulated market. . The very gray area and smokescreen that exists between federal and state laws put veterans in a very vicarious place similar to banks.

Legalization 69

Legalization Programs Banking Conditions 69

Otherside Farms

MAY 5, 2020

Banks typically don’t provide loans to cannabis ventures especially, those directly involved with the plant or its derivatives. Generally, the FDIC will not insure a bank that takes on “existential” risks, which include loans to companies in violation of federal law. Most banks are under the federal government.

Business 52

Business Banking Seed-To-Sale Compliance 52

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.

Hemp 68

Hemp Business Cultivation Banking 68

NORML

FEBRUARY 22, 2019

Legislation is pending, House Bill 2149, to amend the definition of “cannabis” under the 2010 voter-approved medical marijuana law. Click here to email your lawmakers in support of banking access. Click here to email your lawmakers in support of banking access. IL resident? NV resident? WV resident?

Legislation 179

Legislation Hemp Compliance Compliance 179

Cannabis Law Report

JUNE 26, 2022

The Drug-Free Schools and Communities Act Amendments of 1989 (the Act) is the main body of law governing the use of controlled substances on college campuses. IHEs are required to certify that they have an AOD prevention program in order to remain eligible for certain forms of federal funding and assistance. Certification Requirements.

Research and Development 52

Research and Development Education Programs Policy 52

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.

Legislation 136

Legislation Hemp Patients Compliance 136

The Joint Blog

JUNE 24, 2020

This includes bolstering programs intended to help operators who suffered during the nation’s long-running war on drugs. Meanwhile, marijuana remains illegal at the federal level and big banks typically refuse to do business with pot companies because of the legal conflict between state and federal law.

Marijuana 52

Marijuana Programs Banking Business 52

The Blunt Truth

FEBRUARY 14, 2019

Possibly the biggest news this week was the first ever Congressional hearing on cannabis banking. The committee memorandum has a great graphic of state marijuana laws – only three states allow no marijuana consumption in any form. ” Kamala Harris (D-CA) has indicated that she is in favor of legalization.

Banking 40

Banking Decriminalization Consumption State Laws 40

NORML

MAY 24, 2019

Legislation is pending, Senate Bill 34, which would exempt compassionate care programs from paying state cannabis taxes when they are providing free medical cannabis to financially disadvantaged people living with serious health conditions. Click here to email your lawmakers in support of compassionate care programs.

Legislation 169

Legislation Hemp Access Patients 169

NORML

MAY 17, 2019

Legislation is pending, Senate Bill 34, which would exempt compassionate care programs from paying state cannabis taxes when they are providing free medical cannabis to financially disadvantaged people living with serious health conditions. Click here to email your lawmakers in support of compassionate care programs.

Legislation 137

Legislation Hemp Compliance Compliance 137

SMPL

AUGUST 14, 2019

Though ABA specified that it was not taking a position on marijuana legalization generally, it recognized that conflicting federal and state cannabis policies are untenable and have created complications for cannabis businesses operating in compliance with state law.

Policy 40

Policy Research and Development Marijuana DEA 40

Cannabis Law Report

DECEMBER 23, 2019

Thereafter, Dr. Imani Brown joined DCR as City’s First Social Equity Program Manager working to develop the program further and lend support to its platform. . The Bureau of Cannabis Control (BCC) sent out 2,842 cease-and-desist letters to cannabis shops and businesses suspected of operating without state licenses.

Law 59

Law Banking Hemp Retail 59

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.

Law 45

Law Policy Programs Topical 45

Cannabis Law Report

MARCH 26, 2020

In short, federal anti-drug laws continue to define the state-authorized cannabis industry, and those who work in it, as drug felons. 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.

Business 59

Business Legislation Access Policy 59

The Blunt Truth

OCTOBER 29, 2019

While the law set the record straight between hemp and marijuana, it also tasked the US Department of Agriculture (USDA) with promulgating regulations and guidelines to establish and administer a program for the production of hemp in the US. The SAFE Banking Act May Help CBD Industry.

Hemp 45

Hemp Legislation CBD Research and Development 45

Cannabis Law Report

DECEMBER 16, 2021

The CDC promoted a policy that prohibits employees from using marijuana while on the job but recognized that a zero-tolerance policy for marijuana use may not be possible, depending on the relevant state law. This program gives New Mexico an edge in the growth of cannabis infrastructure. Loan applications will be available Feb.

Cannabinoids 52

Cannabinoids Retail Policy Cultivation 52

The Blunt Truth

FEBRUARY 7, 2019

New emerging brands with pipe dreams of being “the Starbucks of weed” will compete to accelerate growth, and there’s no faster way to grow your own (brand) than a nationwide business format franchising program. Perhaps the biggest challenge to any cannabis business is the reluctance of most banks to serve the cannabis industry.

Banking 49

Banking Strains Business Pets 49

Cannabis Law Report

MAY 11, 2022

. “The order requires that defendant not use marijuana and ‘not violate federal, state, or local law,'” according to Nivison’s order. 12 additional defendants were charged in a 14-count criminal complaint filed today in federal court, describing the conspiracy’s end-run around Maine’s medical marijuana program.

Banking 52

Banking Conditions Law Marijuana 52

Cannabis Law Report

DECEMBER 12, 2019

Recreational use is becoming legal in a growing number of states. . Thirty-three states have enacted some type of medical marijuana program. Eleven states have legalized the recreational adult-use of marijuana. Compliance with state laws is of little benefit when it comes to federal bankruptcy, banking, and tax codes.

Compliance 59

Compliance Compliance Chronic Pain Banking 59

Marijuana Lawyer Blog

APRIL 15, 2019

Attorney General said he’d favor a new bill protecting cannabis businesses and users from federal prosecution as long as they were in compliance with federal law. This measure has broad bipartisan support, as does another that would shield banks doing business with these companies from federal money laundering charges.

Policy 45

Policy Programs Banking History 45

Cannabis Law Report

MARCH 17, 2020

As Congress is considering legislation to provide banks with a safe harbor for providing services to those in the cannabis industry, other areas, from financial services to soft drink manufacturers, are actively assessing how the explosion of this new market will impact their products and services. Compliance program.

Compliance 59

Compliance Compliance State Laws Law 59

Cannabis Law Report

JUNE 4, 2021

These multi state operators (MSOs) need to take the specific requirements of each state into account in every aspect of their business, from product types offered to how they bank. What are some of the issues that impact an MSO’s ability to access banking? What are multi-state operators?

Banking 87

Banking Supply Chain Dispensary Business 87

The Herb Collective

APRIL 29, 2019

A Cash-Only Industry The final California cannabis regulations still haven’t fixed the banking problem. Unfortunately, cannabis consumers in the state are still only able to pay for their purchases in cash or use an ATM-at-the-register payment system with high fees.

Law 45

Law Marijuana Banking Packaging 45

Cannabis Law Report

JULY 27, 2019

Franchise programs classically offer benefits of scale that sole proprietors cannot replicate, like training programs, marketing tools and the purchasing power of a larger network that can reduce overhead costs for inventory and supplies. Overarching Risks. Overarching Risks. The Significance of Franchise Status.

Supply Chain 40

Supply Chain Programs Business Retail 40

Cannabis Law Report

FEBRUARY 4, 2019

Licenses may apply for a payment waiver if they are able to show good cause by demonstrating they are: In the process of getting a bank account. Have lost their bank. The bank has denied their application. Some other reason why they are unable to get money orders or a bank account. . Payment Methods.

Topical 65

Topical Packaging Retail Legislation 65

Cannabis Law Report

AUGUST 8, 2019

THC (legal term “marijuana”) is classified as a Schedule 1 drug and is illegal under federal law for any purpose (with the exception of FDA-approved research programs) by way of the Controlled Substances Act 1970. Whilst English law presumes that English criminal statutes do not extend to acts wholly undertaken outside the U.K.,

Legalization 40

Legalization Banking Compliance Compliance 40

NORML

APRIL 5, 2019

Legislation has been reintroduced from last year, Senate Bill 34, which would exempt compassionate care programs from paying state cannabis taxes when they are providing free medical cannabis to financially disadvantaged people living with serious health conditions. Click here to email your lawmakers in support of banking access.

Legislation 188

Legislation Banking Hemp Compliance 188

Cannabis Law Report

AUGUST 6, 2019

.” CannaMD , outlining marijuana laws from state to state , explains that “This question comes down to federal versus state law.” has a medical marijuana use program of some kind operating in their home state. . . ” The feds say it is illegal, but 80% of the U.S.

Marijuana 40

Marijuana Research and Development Programs Collective 40