Canna Law Blog

MARCH 13, 2024

Although cannabis remains illegal at the federal level, many states and municipalities have loosened their regulations. As of early 2023, 37 states have approved medical cannabis use by qualified individuals, and 21 states have approved it for recreational use. The edible market alone is projected to grow by $25.27

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Cannabis Law Report

MARCH 5, 2020

Maine is planning to have its first recreational marijuana shops open in June, three months later than expected. State budget forecasters are banking on a robust kickoff, however, estimating $5 million in sales by the end of the month. The article adds. Read their full report at.

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Otherside Farms

MAY 5, 2020

As a refresher, in the United States, marijuana is illegal at the federal level. Still, it is legally approved for recreational use in many states and Washington, D.C., Banks typically don’t provide loans to cannabis ventures especially, those directly involved with the plant or its derivatives.

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MassRoots

FEBRUARY 11, 2019

Now that more than half of the states in the nation have legalized cannabis for either medicinal or recreational purposes, those state-legal businesses deserve to be able to operate as such. As long as individuals and businesses are operating under state law, this proposal would remove the risk of federal criminal penalties.

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Cannabis Law Report

AUGUST 4, 2022

. §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.

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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.

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Cannabis Law Report

NOVEMBER 6, 2021

As cannabis continues to make its way into the mainstream marketplace, state governments are increasingly legalizing and regulating it for medical or recreational use. Also, understanding the regulatory and compliance framework in your cannabis clients’ states will go a long way toward mitigating your own risk, she said.

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The Joint Blog

APRIL 14, 2020

During the COVID-19 pandemic Colorado has temporarily made the online sale of recreational marijuana legal, “fulfilling one of the pot industry’s biggest wishes and fueling its argument for more concessions that could be made permanent when the crisis eases”, reports the Associated Press.

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Cannabis Law Report

MAY 28, 2022

Congress should either legalize cannabis or stop deputizing banks as drug enforcement investigators. Although 18 states have fully legalized, cannabis is still a sticky issue for banks and other financial institutions because it remains illegal at the federal level. The State of Banking. That can prove costly.

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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. In New York , those in favor of legalization are pushing for changes to Gov.

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Cannabis Law Report

SEPTEMBER 27, 2021

The Cannabis Growth ETF will provide exposure to a sector undergoing global legalization, expanded medical and recreational use, and robust M&A activity. Possession and use of cannabis is illegal under federal and certain states’ laws, which may negatively impact the value of Fund investments.

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Canna Law Blog

DECEMBER 17, 2019

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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Cannabis Law Report

AUGUST 31, 2022

Despite the federal status of Delta-8 THC, a number of states have passed laws regulating or outright banning Delta-8 THC and similar products. For example, Delta-8 is illegal in Montana; however, recreational marijuana use is legal. Until then, absent some state law to the contrary, we suppose Delta-8 is ready when you are.

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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. Federalism questions also arise involving compliance with federal banking and tax laws.

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Cannabis Law Report

JULY 14, 2021

Advisory The Company wishes to inform shareholders that there are significant legal restrictions and regulations that govern the cannabis industry in both Canada and the United States. Federal Laws The concepts of “medical cannabis” and “recreational cannabis” do not exist under U.S. federal law. federal law.

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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.

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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. Low Percentage of New York Towns Opts Out of Recreational Cannabis. Local municipalities in New York have until Dec.

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SpeedWeed

MARCH 10, 2021

Examples such as these underscore the importance of thoroughly researching the state law and local laws of a community before selecting one for your cannabis business. As of November 2020, a total of 35 states and the District of Columbia have legalized cannabis for medical use, and 15 have allowed adult recreational use.

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Marijuana Lawyer Blog

APRIL 15, 2019

64 that legalized recreational use. 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. As Los Angeles cannabis employment law attorneys know, there is nothing in the U.S.

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Nature's Way Medicine

MARCH 5, 2021

The letter to government heads of office brings up the fact that fifteen states and D.C. have removed criminal prohibition on medical and recreational marijuana and an additional 33 states permit medical use. Right now the businesses are unable to use banks and are paying cash to the federal government. State News.

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Cannabis Law Report

AUGUST 8, 2019

cannabis is illegal for recreational use and is classified as a Class B drug under the Misuse of Drugs Act 1971. 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.

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Cannabis Law Report

SEPTEMBER 16, 2022

Although several Southern states have enacted medical cannabis programs, no states have embraced recreational use of cannabis. This article reviews cannabis laws in effect in Southern states, cannabis laws that will go into effect in the future, and examines states that haven’t passed legislation legalizing cannabis.

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Cannabis Law Report

JUNE 26, 2022

Cannabis—also known as marijuana—has been legalized in the last two decades in more than half of the states. Thirty-nine states allow the use of medical marijuana, while 18 states and the District of Columbia permit both medical and recreational marijuana.

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The Joint Blog

DECEMBER 21, 2020

Federal and State Laws on Drug Test. Marijuana remains classified as a Schedule I drug and is prohibited under federal law. The sad truth is that as a marijuana user, even in states where medical and recreational use is allowed, finding a job is a challenge. At least that is the perception of some 42.8%

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Cannabis Law Report

APRIL 13, 2022

Its recreational use was legalized only recently, in March of 2021. However, New York is hardly alone in adopting such measures – in fact, it is only one of 37 states that allow the medical use of cannabis and one of 18 that allow its nonmedical use by adults. New York on Cannabis.

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Cannabis Law Report

OCTOBER 12, 2021

Most recently, Eula served as a member of the board of directors and Chairman of the Audit Committee for Harvest Health & Recreation Inc. She brings 20 years of experience in the financial industry, specifically 10 years in banking and underwriting. CSE:TRUL), which formed the world’s largest legal seller of cannabis by revenue.

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WeedAdvisor

SEPTEMBER 18, 2019

Things are looking good for state medical and recreational dispensaries as a game-changing bill gains support in the U.S. According to Forbes , one third of the Senate now supports the SAFE Banking Act, a bill that would provide dispensaries access to critical financial services. Significant Outside Support. .

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Cannabis Law Report

AUGUST 6, 2019

In addition, Curaleaf’s Before your trip: Cannabis laws you should know offers excellent advice for traveling patients: “When you’re packing your bags to make the most of the season’s long days and warm nights, you naturally want to pack, and eventually consume, your cannabis. ” What about regular, store-bought CBD ? .”

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Connor & Connor PLLC

NOVEMBER 27, 2019

However, despite the federal prohibition roadblock, 33 states have legalized medical marijuana and 11 have voted to legalize marijuana for recreational use as well. One of the first states to legalize recreational marijuana was Colorado, followed by Washington and Oregon. 1] [link] ; [link]. [2] 1] [link] ; [link]. [2]

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The Joint Blog

JUNE 15, 2021

Before going deeper into it, make sure you have the license to operate legally in the state you are living in. Know your State Laws. State laws govern whether you can ope rate your cannabis growing business. And different states have different approaches to that. States that have a complete marijuana ban.

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Cannabis Law Report

OCTOBER 13, 2021

The Florida Supreme Court Rejects Recreational Marijuana Initiative – by Miguel Fernandez , Michael Shifrin , Bryan Walsh at Bressler, Amery & Ross. Tennessee Expands (Minimally) Medical Marijuana Law and Establishes Cannabis Commission – by Tim Garrett , Ashley Li at Bass, Berry & Sims.

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Cannabis Law Report

DECEMBER 1, 2019

As of October 21, 33 states and the District of Columbia have allowed the use of medical marijuana. In addition, recreational marijuana is legalized in 10 states and the District of Columbia (see Exhibit 1 for details). Despite legalization in the majority of states, however, federal law (i.e.,

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The Blunt Truth

OCTOBER 22, 2019

As several states and foreign countries have enacted laws decriminalizing or legalizing marijuana for medicinal or recreational use, a fresh rush of reefer madness has overtaken the business world. practicing law in the U.S. 1200 , The SAFE Banking Act, awaits a vote. work here, or apply for a green card.

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Cannabis Law Report

JULY 7, 2021

MJXL is designed to seek daily leveraged investment results, before fees and expenses, of two times (2x) or 200% the performance of the Prime Alternative Harvest Index, providing investors access to the global cannabis ecosystem and benefitting directly from widespread medicinal and recreational legalization initiatives. About ETFMG.

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The Cannigma

MARCH 12, 2021

Dr. Fisher also discusses how the remaining stigmas surrounding cannabis shape many of the dynamics and barriers facing both the medical and recreational markets. What is the relationship between medical and recreational legalization? There are no payment systems, there’s no banking and cannabis.

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Cannabis Law Report

JUNE 15, 2022

In addition, the licensees must execute a management agreement with a third-party operator to manage and operate the remaining facilities that the department will continue to permit in compliance with state law. The RSF assessment tool is designed to help OCC and a bank determine customer type for large risk analysis.

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Cannabis Law Report

AUGUST 30, 2019

US Senator Mike Crapo (R-ID) , chairman of the Senate Committee on Banking, Housing and Urban Affairs, expressed interest in addressing banking issues facing cannabis businesses operating legally in their states. The SAFE Banking Act (H.R. The SAFE Banking Act (H.R.

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