At the start of 2020 (a little over 90 days ago), the cannabis industry anticipated that this would be the year for major cannabis reform at the state level....more
House Speaker Jose Oliva announced on February 13, 2020, that establishing THC limits in all medical marijuana products sold to patients in Florida is a priority for the Florida House of Representatives this year. ...more
3/3/2020
/ Agribusiness ,
Constitutional Amendment ,
Decriminalization of Marijuana ,
Florida ,
Marijuana ,
Medical Foods ,
Medical Marijuana ,
Plant Based Products ,
Public Health ,
Regulatory Agenda ,
Regulatory Oversight ,
Regulatory Standards ,
State and Local Government ,
State Constitutions ,
THC
In the latest chapter of the ongoing saga of the U.S. Senate’s consideration and hopeful passage of the Secure and Fair Enforcement (SAFE) Banking Act, on February 7, 2020, the Credit Union National Association (CUNA) sent a...more
2/14/2020
/ Anti-Money Laundering ,
Banking Regulators ,
BSA/AML ,
Cannabis-Related Businesses (CRBs) ,
Credit Unions ,
Decriminalization of Marijuana ,
Depository Institutions ,
Financial Institutions ,
Financial Services Industry ,
FinCEN ,
Legislative Agendas ,
Marijuana ,
Marijuana Related Businesses ,
Money Laundering ,
Proposed Legislation ,
Regulatory Agenda ,
Senate Banking Committee
On January 21, 2020, the four lead bipartisan sponsors of H.R. 1595, the SAFE Banking Act, U.S. Reps. Ed Perlmutter, D-Colo., Steve Stivers, R-Ohio, Denny Heck, D-Wash., and Warren Davidson, R-Ohio, sent a letter to Senate...more
1/28/2020
/ Agribusiness ,
Anti-Money Laundering ,
BSA/AML ,
Cannabis-Related Businesses (CRBs) ,
Controlled Substances ,
Credit Unions ,
Decriminalization of Marijuana ,
Dispensaries ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Hemp Cultivation ,
Hemp Related Businesses ,
Legislative Agendas ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Money Laundering ,
Proposed Legislation ,
Regulatory Agenda ,
Regulatory Oversight
Federal bank regulators no longer require banks to submit suspicious activity reports (SARs) for legally authorized hemp business transactions, absent another required circumstance....more
12/13/2019
/ Agribusiness ,
Cannabidiol (CBD) oil ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Decriminalization of Marijuana ,
Deregulation ,
Dispensaries ,
Farm Bill ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Financial Transactions ,
Global Market ,
Hemp ,
Hemp Cultivation ,
Hemp Related Businesses ,
Interstate Commerce ,
Legislative Agendas ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Pending Legislation ,
Regulatory Agenda ,
Regulatory Oversight ,
Suspicious Activity Reports (SARs)
Sens. Jeff Merkley and Cory Gardner have reintroduced the Secure and Fair Enforcement (SAFE) Banking Act as a companion to House bill HR 1595....more
4/18/2019
/ Decriminalization of Marijuana ,
Dispensaries ,
Financial Institutions ,
Legislative Agendas ,
Liability ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Proposed Legislation ,
Regulatory Oversight ,
Retailers
On March 28, 2019, the House Financial Services Committee voted overwhelmingly (45-15) to advance H.R. 1595, known as the Secure and Fair Enforcement (SAFE) Banking Act of 2019. The bill seeks to protect financial...more