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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NORML

MARCH 7, 2019

Drug Enforcement Administration and Congress still erroneously classify marijuana as a Schedule 1 drug, ignoring the fact that 33 states, including my home state of Hawai‘i, have already accepted the medical use of marijuana under state law.

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Legislation Marijuana Banking Safety 231

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.

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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.

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Legislation Decriminalization Access Patients 245

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. Retail shops need state-issued conditional licenses. Shops go back to state for active licenses. State licenses health and safety testing labs. Says the Press Herald. The article adds.

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Cannabis Law Report

JULY 22, 2019

In a joint op-ed in Fox Business today, American Bankers Association President and CEO Rob Nichols and Credit Union National Association President and CEO Jim Nussle called on lawmakers to resolve the existing conflict between federal and state law with respect to proceeds from cannabis-related businesses.

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Canna Law Blog

MARCH 13, 2024

Financing: Because cannabis is still illegal at the federal level, most banks won’t provide loans to cannabis companies. Security: Due to its federal status, the cannabis industry is one of the few cash-only industries left in the United States. Checking your state’s Department of Health website is a good place to start.

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NORML

FEBRUARY 22, 2019

Legislation is pending, House Bill 2149, to amend the definition of “cannabis” under the 2010 voter-approved medical marijuana law. Update : HB 2149 was approved by the Public Safety Committee on 2/20. Click here to email your lawmakers in support of banking access. AZ resident? IL resident? NV resident? WV resident?

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Cannabis Law Report

SEPTEMBER 27, 2021

These may limit access to banks, and create significant burdens on company resources due to litigation, enforcement actions, receipt of necessary permits and authorizations to engage in medical cannabis research or to otherwise cultivate, possess or distribute cannabis.

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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.

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Legislation Hemp Patients Compliance 136

Cannabis Law Report

AUGUST 31, 2022

Similarly, despite its relaxed regulation of marijuana, Colorado lawmakers recently banned Delta-8 citing safety concerns. In New York, the sale, purchase, distribution, and production of Delta-8 products are banned, while the state’s use and possession laws remain unclear. Whitt Steineker. Elizabeth R. Lizzie received her J.D.

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THC Hemp Banking Law 52

The Blunt Truth

OCTOBER 29, 2019

As characterized by Congresswoman Schakowsky , the bill “will provide cosmetics safety that consumers and workers want and deserve; address the over-exposure to toxic chemicals that communities of color and professional salon workers experience every day; and hold companies accountable for the safety of ingredients in their products.”

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Cannabis Law Report

SEPTEMBER 23, 2022

The SHIP Act, filed on September 14, 2022, seeks to also provide authority for “small cultivators of marijuana and small cultivators of marijuana products” to ship marijuana in the mail directly to consumers located in California or another state where the possession of marijuana or the marijuana product is lawful by that individual.

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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. Additionally, the employer may also violate state and Occupational Safety and Health Administration (OHSA) safety laws and regulations. Productivity and Saving Money.

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Marijuana Safety Environment Banking 49

The Blunt Truth

FEBRUARY 7, 2019

And while the Department of Justice has not prioritized prosecuting cases involving use that is legal under conflicting state laws, that could change virtually overnight, leaving the franchisor and franchisee not only in danger of losing their business, but their freedom as well. product safety regulations, and labeling restrictions.

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Cannabis Law Report

JULY 14, 2021

federal law, a Schedule I drug or substance has a high potential for abuse, no accepted medical use in the United States , and a lack of safety for the use of the drug under medical supervision. federal law. federal law, nor will it provide a defence to any federal proceeding which may be brought against the Company.

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Cannabis Law Report

MARCH 29, 2019

Prior to opening her own firm, she was appointed as Senior Policy Advisor at the Bureau of Medical Cannabis Regulation, where she developed regulations and negotiated with stakeholders regarding the implementation of the Medical Cannabis Regulation and Safety Act (MCRSA).

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Cannabis Law Report

DECEMBER 23, 2019

With the states, the feds, and the locals all making up their own rules for hemp and cannabis operations and prohibitions, the illicit market continued to thrive – creating financial hardships for licensed operators and a safety crisis for consumers. TOP Defining Moments in Los Angeles Cannabis.

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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.

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The Herb Collective

APRIL 29, 2019

Edibles must be tightly dosed, extracts must be extremely pure and flower has to be clean in order to be legally sold in the state. While this does add more costs, it also ensures safety for users, which has to be a good thing. These ensure even better protection for users when buying cannabis products in the state.

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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. doing business as Silver State Cultivation, for allegedly failing to properly remit tax payments.

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Cannabinoids Retail Policy Cultivation 52

Cannabis Law Report

FEBRUARY 4, 2019

Please contact your WSLCB Enforcement Officer if you have any questions about implementation and enforcement of this important public safety rule. 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. Payment Methods.

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NORML

MARCH 29, 2019

House Financial Services Committee has passed The Safe Banking Act, HR 1595 out of committee this week. Governor Jim Justice (R) of West Virginia signed legislation into law that allows financial institutions to provide banking services related to the state’s medical marijuana program. House Judiciary Committee.

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Legislation Decriminalization Hemp Patients 167

Cannabis Law Report

DECEMBER 4, 2021

Passing the Secure and Fair Enforcement (SAFE) Banking Act through NDAA “would support a rapidly growing industry that creates jobs, supports small businesses, and raises revenue in states that have chosen to legalize cannabis, while reducing safety risks,” the letter goes on to say, .

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Banking Safety Compliance Compliance 52

WeedAdvisor

SEPTEMBER 18, 2019

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. The fear of federal repercussions keeps major financial institutions for dealing with these businesses, despite their being compliant with state law. Skipping Ahead. .

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Banking Dispensary Legislation State Laws 45

Cannabis Law Report

JUNE 15, 2022

The alleged violations involve “pervasive irregularities” that prevented regulators from evaluating whether products from the licensees’ cultivation facilities were properly tested for quality and safety, security camera outages that were not reported to regulators, and improper use of pesticides on their products.

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Business Marijuana Safety Banking 52

Canna Law Blog

SEPTEMBER 6, 2020

In fact, there’s not even a gubernatorial budget trailer bill catch all this year, which normally would accomplish some major and much needed legal changes to and technical fixes to the Medicinal and Adult-Use Cannabis Regulation and Safety Act (“MAUCRSA”). This Assembly Bill addresses cannabis banking on the state level.

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Canna Law Blog

AUGUST 13, 2019

So many proposed leases reviewed by our California cannabis attorneys completely miss the fact that before a tenant can secure a state license they must first secure local authorization from their city or county under the Medicinal and Adult-Use Cannabis Regulation and Safety Act (“MAUCRSA”).

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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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Banking Research and Development Legislation Programs 45

Cannabis Law Report

DECEMBER 1, 2019

This conflict between federal and state law has raised concerns among CPAs providing services to the marijuana industry. States Legalizing Marijuana. Barr also noted that Congress needs to make a decision as to whether federal law should be changed or followed. 15, 2019, [link] ).

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Marijuana Business State Laws DEA 59

SpeedWeed

JULY 17, 2021

Federal law enforcement would no longer be able to bust people for weed-related crimes, unless they were in violation of state law. Legal weed businesses would be able to open bank accounts, access loans, or list on the US stock market. Anyone wishing to comment can send an email to [email protected] by September 1.

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Cannabis Law Report

NOVEMBER 14, 2019

We also discuss why advocates have a problem with the SAFE Banking Act, the impediments to wide-spread legalization and the best ways for companies to navigate regulations. The SAFE Banking Act that passed yesterday, what are your thoughts on all of that? So, I’ll use the SAFE Banking Act. Okay, of past records.

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Cannabis Law Report

APRIL 24, 2019

Let’s begin with the following: STATES Act Becomes Law. The STATES Act passes in Congress, the President signs it and it becomes law which means that in the states where cannabis is legal : Banking system becomes available to cannabis businesses. See The Murky Part of the STATES Act: Tribal Rights ].

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The Cannigma

MARCH 12, 2021

There are no payment systems, there’s no banking and cannabis. And in my belief, it should be cannabis, because of the safety profile, number one. And you’re seeing that with every other type of infrastructure that’s needed to support the medical cannabis industry. So, for example, payment systems.

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Cannabis Law Report

MAY 2, 2019

The platform will help local governments that are regulating commercial cannabis activity by proving critical and actionable data to increase tax realization, enhance public safety and augment planning capabilities. Institutions must make sure cannabis businesses are not violating state laws or engaging in any other illegal activities.

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Greenspoon Marder Cannabis Law Group Blog

SEPTEMBER 25, 2019

House of Representatives is expected to vote on the Secure and Fair Enforcement Banking Act of 2019 (the “SAFE Banking Act”) today. In light of these concerns, most banks have denied cannabis-related businesses access to bank accounts and other financial services.

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Banking Hemp Safety Business 40

Cannabis Law Report

FEBRUARY 14, 2020

Mike Crapo urging him to support the SAFE Banking Act and hold a markup in the Senate Banking Committee. . The House of Representatives passed the SAFE Banking Act by a vote of 321-103 in September, with 91 Republicans voting in favor. We are a bipartisan group, with operations spread across the United States.

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