PrestoDoctor

AUGUST 1, 2022

Marijuana banking options are limited for many entrepreneurs despite the fact that several thirty-six states legalize medical marijuana use. While recreational use is allowed in some states, there is still an uphill battle for other states that only have medical marijuana clearance. Marijuana Banking Bill.

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Banking Law Marijuana Compliance 52

Cannabis Law Report

JULY 1, 2021

Cannabis banking options are still quite limited for marijuana entrepreneurs, despite 36 states legalizing medical marijuana and 17 states permitting recreational adult use, according to the National Conference of State Legislatures. Are there cannabis-friendly banks? Compare 5 cannabis-friendly banks and credit unions.

Banking 110

Banking Compliance Compliance Business 110

MassRoots

JULY 28, 2020

One of the most important pieces of cannabis related legislation, the Secure and Fair Enforcement Banking Act ( SAFE Banking Act ), has the chance to be included in the next round of COVID-19 relief legislation in the United States. Tell them to support the inclusion of the SAFE Banking Act. Don’t wait.

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Banking Legislation Business Programs 66

Veriheal

OCTOBER 18, 2021

With 19 states currently selling recreational cannabis, it may be tempting to forgo a medical card, even if you qualify as a patient. While recreational marijuana is accessible in many states for those of age, there are still some benefits to having a medical marijuana card and purchasing medical marijuana instead of recreational pot.

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Cannabis Law Report

DECEMBER 7, 2021

Congress is making another run at providing a safe harbor to the banking industry and companies that provide services to cannabis businesses. On September 21, 2021, the House voted to include the Secure and Fair Enforcement Banking Act of 2021 (SAFE Banking Act) 1 in the annual National Defense Authorization Act for Fiscal Year 2022 (NDAA).

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Banking Compliance Compliance Business 52

Cannabis Law Report

NOVEMBER 10, 2021

Virgin Islands sent a bipartisan letter urging Congress to include legislation in the final 2022 National Defense Authorization Act for Fiscal Year 2022 that would allow states with legalized medical or adult-use cannabis to operate safely under the national banking system. . Medical and recreational cannabis sales in the U.S.

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Banking Legislation Access Recreational 52

Cannabis Law Report

OCTOBER 7, 2021

Read my op-Ed on Marijuana Banking [link]. Taking action to clarify banking rules for the legal cannabis industry now, rather than standing by while states construct an ad hoc system of conflicting banking rules, will go a long way toward easing that transition.”. — Rodney E. Hood (@Rodney_e_hood) October 8, 2021.

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Banking Access Business Recreational 52

Canna Law Blog

FEBRUARY 27, 2019

Six years after it was initially introduced, the House Financial Services Committee released the latest draft legislation that would create a “safe harbor” for banks to serve the rapidly expanding cannabis industry on February 7, 2019.

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Banking Marijuana Legislation Business 91

Veriheal

SEPTEMBER 14, 2020

Lawmakers are looking at ways to increase the state’s revenue, and to no surprise, some suggest legalizing recreational cannabis. Tom Wolf is one of those lawmakers who is pushing for the legalization of recreational cannabis. That could all change if the state were to adopt new recreational cannabis laws.

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Recreational Legalization Seed-To-Sale Pharmaceutical 98

Cannabis Law Report

JULY 8, 2021

In exclusive comments to Green Market Report , Jason Wilson, cannabis banking and research expert at ETFMG (NASDAQ: MJ), which issues the ETFMG Alternative Harvest exchange-traded fund, has given his opinion about the industry for the rest of 2021. The comments are overwhelmingly positive.

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Banking Cannabis Legalization Dispensary 111

MassRoots

AUGUST 4, 2020

The California Cannabis Industry Association (CCIA) is calling for cannabis businesses to join them in imploring Speaker Pelosi to prioritize the Secure and Fair Enforcement Banking Act (SAFE Banking Act). What is the SAFE Banking Act? Virgin Islands have enacted either medicinal or recreational legalization amendments.

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Banking Access Business Programs 52

Cannabis Law Report

SEPTEMBER 14, 2021

Abrigo, the leader of compliance, credit risk, and lending solutions for financial institutions, today announced its partnership with Green Check Verified (GCV), the top provider of cannabis banking solutions for financial institutions. Abrigo partners with Green Check Verified to expand cannabis banking support to financial institutions.

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Banking Compliance Compliance Business 52

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. billion by 2026.

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Banking Legislation Safety Dispensary 66

Veriheal

OCTOBER 22, 2021

Most New Yorkers can now safely indulge in cannabis without fear of being fired, Bank of America is under fire for closing the account of an authorized cannabis research institute, and proposed legislation could help Washington, D.C. finally see recreational cannabis sales. Bank of America—the second-largest bank in the U.S.—has

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Banking DEA Recreational Packaging 104

Cannabis Law Report

JUNE 22, 2019

Will hemp taint your banking relationship? . Many have setup legal entities and registered under their states’ regulatory programs as permitted growers but have hit a hurdle that most new businesses hop right over: opening a bank account. . If you wish to re-publish this story please do so with following accreditation.

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Banking Hemp Business Agriculture 45

Cannabis Law Report

JUNE 14, 2023

Marijuana Currently, 31 states plus the District of Columbia allow the recreational use of marijuana. Mark Belongia, Timothy Sullivan Hinshaw & Culbertson LLP I. In addition, 37 states and the District of Columbia currently allow marijuana to be used for medical purposes.

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Banking Business Marijuana Hemp 52

Veriheal

JANUARY 12, 2022

The news, which was officially announced in a letter, confirmed that the bank would no longer be granting new acquisitions or “short” positions in cannabis-focused businesses. Marijuana Related Businesses,” reads an excerpt from the bank’s letter, which was addressed for the attention of its clients. Since Nov.

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Banking Business Cannabis Recreational 104

Greenspoon Marder Cannabis Law Group Blog

JULY 26, 2019

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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Banking Cannabis Business Safety 40

Cannabis Law Report

JULY 20, 2019

The banks actions will mean somebody at the FDIC will have to make some serious decisions that could lead to a number of ramifications for the cannabis sector not only in CA but also nationwide. A small California bank’s merger application could force the FDIC to take a firmer stand on marijuana banking.

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Banking Data Media Business 40

The Blunt Truth

MAY 21, 2020

The news getting the most attention this week is the reopening of Massachusetts’ recreational marijuana shops, scheduled for May 25. Senator Mitch McConnell (R-KY) criticized the cannabis banking provisions in the latest stimulus bill, while state Attorneys General wrote a letter supporting them. cannabis banking.

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Banking Collective Recreational Hemp 115

WeedAdvisor

FEBRUARY 20, 2019

Banks Pushing for Access to Legal Marijuana Industry. In yet another unprecedented leap forward, United States banks are asking Congress to protect them from federal prosecution over dealing with legal marijuana businesses, according to U.S. This creates a problem for banks. Limitations for Cannabis Businesses. do not have.

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Banking Access Legalization Marijuana 40

MassRoots

AUGUST 3, 2020

Even though more than half of the states in America have legalized some form of cannabis use, whether medical or recreational, the plant and its derivatives remain federally illegal. Federal Law: SAFE Banking Act. Some Senators may need encouragement from you, the constituents, to support the SAFE Banking Act. House Bill 418.

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Programs Banking Marijuana Conditions 124

SpeedWeed

MAY 10, 2021

announced on Monday that it has reached an agreement to acquire Harvest Health and Recreation Inc. million square feet, as well as 126 dispensaries retailing cannabis for medicinal and recreational use. Acquires Harvest Health And Recreation Inc. Florida-based Trulieve Cannabis Corp. the parent company of High Times.

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Recreational Banking Data Cannabis 52

Cannabis Law Report

MAY 21, 2019

Lacking banking services, many legal cannabis businesses operate solely in cash,” it says. The majority of states have legalized medical or recreational cannabis, and need to have safe banking options for these businesses. State Treasurers Group Endorses Marijuana Banking Legislation.

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Banking Legislation Safety Collective 40

The Blunt Truth

MAY 28, 2020

Massachusetts recreational shops reopened. In federal news, the marijuana banking provisions in the latest relief bill may not be dead on arrival. As we all know, the state allowed medical marijuana dispensaries to remain open during the pandemic, but recreational shops were forced to close. Virginia decriminalized marijuana.

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Banking Decriminalization Recreational Hemp 99

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.

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Banking Dispensary Recreational Cannabis 98

Veriheal

JUNE 25, 2021

Former Eaze consultants get sentenced to jail time for committing bank fraud. Texas Governor Abbott allows a bill that will require the state to research psychedelic therapy for veterans, and Connecticut legalized recreational cannabis! Video Transcript: Former Eaze consultants land jail time for bank fraud.

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Banking Therapy Recreational Cannabis 82

NORML

OCTOBER 15, 2019

4) US relations – border & banking. Removal of any unnecessary international banking/travel barriers for legal business and cannabis entrepreneurs. NORML Canada proudly welcomes our sister chapter to the South – NORML Michigan, to share insights on Michigan’s newly passed legal recreational cannabis bill.

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Legalization Advocacy Banking Access 196

Canna Law Blog

NOVEMBER 8, 2023

Indeed, just like when these states started licensing, cannabis is still on Schedule I of the Controlled Substances Act (CSA), 280E is still a nuisance, big banks still won’t bank cannabis money , and so on. Banks won’t be forced to work with cannabis companies. Otherwise, not a lot will change.

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Legalization DEA Banking Cannabis 92

Medical Marijuana Program Connection

MARCH 22, 2023

With recreational marijuana now legal. Missouri’s marijuana businesses have extra obstacles when it comes to getting help from financial institutions. Read More

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Business Access Banking Marijuana 40

NORML

FEBRUARY 27, 2019

Currently, almost none of the businesses operating in the cannabis space can legally obtain a bank account, process a credit card, or take a standard business deduction on their federal taxes. “And when these businesses are forced to operate exclusively in cash, they create serious public safety concerns.”

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Banking Policy Business Safety 137

Cannabis Law Report

JULY 2, 2019

The world of marijuana banking has been rife with compliance risks for years. While marijuana is still illegal federally, many states have legalized marijuana for medical and recreational use. Bank Secrecy Act Compliance. Rockswold , Linda A. Albrecht and Allison Groskreutz. Eide Bailly LLP.

Banking 40

Banking Hemp Marijuana Compliance 40

The Blunt Truth

MARCH 28, 2019

No news is big news this week, as New Jersey failed to pass legislation legalizing recreational marijuana. The breaking news on the federal level is that the SAFE Banking Act has been approved by the House Financial Services Committee (45-15) and will now move to the full House for consideration.

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Banking Recreational Legislation Retail 87

The Blunt Truth

MARCH 12, 2020

As for banking, banking associations around the country sent a letter to Sen. Sherrod Brown (D-OH), asking that the Senate Banking Committee vote on a cannabis banking bill. In tribal news, the Oglala Sioux voted to legalize medical and recreational marijuana on their reservation in South Dakota. STATE NEWS.

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Banking Chronic Pain Hemp Decriminalization 105

Cannabis Law Report

MARCH 19, 2021

com reports the following… After publishing an article that covered the potential for Mexico to legalize recreational cannabis, we noticed… Read More. Technical420.com

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Banking Legalization Recreational Cannabis 69

Cannabis Law Report

DECEMBER 12, 2022

Cannabis, one of the most commonly used recreational drugs in the world, is derived from the flowers and leaves of the Cannabis hemp plant. This plant, although generally found above an altitude of 4500 m, can be harvested anywhere using the seed bank at [link] and used for personal purposes only, since commercial use […].

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Banking Recreational Hemp Cannabis 52

Illinois News Joint

NOVEMBER 12, 2023

The retail store serves recreational users and offers a 30% discount to medical patients. Star Buds’ community engagement includes helping local food banks, Habitat for Humanity, and Cannabis Doing Good social events, as well as toy, clothing, turkey, and food drives. Star Buds Riverside is located at 2704 S Harlem Ave. Monday-Sunday.

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Dispensary Events Food Banking 76