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For many cannabis brands, licensing their trademarks can be a savvy business move (for more information on cannabis trademarks generally, check out our webinar, Trademarking Cannabis: Cutting Through the Legal Haze ). Each state has its own rules, and they vary widely. Some states require trademark license agreements to be disclosed.
Yet the possession, distribution or sale of marijuana remains illegal under federal law, which means any contact with money that can be traced back to state marijuana operations could be considered money laundering and expose a bank to significant legal, operational and regulatory risk. End the Cannabis Banking Problem.
On this page, you’ll find the previously announced Board Interim Policies, approved colors and shapes, links to the recent webinar and accompanying PowerPoint, and other useful information. 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.
None of that came to fruition, and it appears that Democrats even actively fought against some pretty meaningful banking reform by killing off the SAFE Banking Act as part of the NDAA. I still have hope that proposed legislation like the States Reform Act will make its way into reality in 2022. California tax reform.
It’s been a busy week for the Golden State. Assembly Bill 1525 allows cannabis banking under California statelaw. If CBD for humans is more your speed, Seyfarth will be hosting a webinar, “CBD News You Can Use: FDA’s Progress and Other Updates” on October 1, 2020. and finally.
As companies look to shake off unproductive assets, our cannabis group has fielded tons of inquiries about how to deal with depressions in the industry – so much so that we’ll be doing a free webinar on these issues next Tuesday, February 28. The wind-up process is where all of the loose ends must be tied up.
This includes promulgation of cannabis tax guidelines as well as webinars and public forums dedicated to tax compliance for marijuana businesses (together, the “Guidelines”). Specifically, the Guidelines recognize the challenges faced by the cannabis industry in gaining access to banking services.
Join Harris Bricken attorney, Vince Sliwoski as he provides forecasts for state cannabis programs. San Francisco Bank Attorneys Association – California Cannabis Law Update | Monday, December 6th at 12PM PST. Clifford Chance Webinar Series – Cannabis – A Global New High | Wednesday, December 8th at 8-11:30AM PST .
In our conversation with Otha, we talk about how Tetragram has been able to help its patients, how federal and statelaws affect access to medical cannabis and what we can expect of government legislation in the coming years. CP: With me, yeah, you meet him there. EG: Yeah, right, exactly. Super cool to meet him in person.
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