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Marijuana Related Businesses Banks Cannabis Products

Orrick, Herrington & Sutcliffe LLP

Attorneys general urge including a safe harbor provision in the SAFER Banking Act

Recently, U.S. attorneys general from 32 states and territories authored a bipartisan letter urging Congress to advance the SAFER Banking Act of 2025, which would increase access to regulated banking and financial services...more

Bradley Arant Boult Cummings LLP

Dude, Where’s My Liquidation?

Every election it seems like the country inches closer to cannabis being legal at the federal level. Until that day comes, however, the question of whether those in the cannabis industry can seek bankruptcy relief remains....more

Wilson Sonsini Goodrich & Rosati

Navigating the Current State of Financial Services for Marijuana Businesses and Preparing for Future Changes in Cannabis Banking

The legal landscape for marijuana-related businesses (MRBs) has seen significant change and challenges in recent years. Despite the legalization of marijuana for medical or recreational use in various states, it remains a...more

Benesch

Cannabis Industry Quarterly Update: Q2 2023

Benesch on

There Has Been Little Movement in Federal Legalization. This has led to cannabis investors and companies to downgrade expectations for federal legalization and focus their strategies on state reform. Federal lawmakers...more

Seyfarth Shaw LLP

The Week in Weed: May 2023 #2

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Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. This week, we have an update on the latest incarnation of the SAFE Banking Act....more

Perkins Coie

Cannabis Legal Report - April 2023 #2

Perkins Coie on

Tenth Circuit Upholds Licensing Agency’s Discretion When Awarding Cannabis-Related Licenses - The U.S. Court of Appeals for the Tenth Circuit upheld the dismissal of a suit on April 18, 2023, challenging the Utah...more

Seyfarth Shaw LLP

The Week in Weed: February 2023 # 3

Seyfarth Shaw LLP on

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. This week, we saw some federal activity on medical marijuana for veterans. We have an update on those SAFE...more

Bradley Arant Boult Cummings LLP

Preparing a Cannabis Application: Five Things I Learned

Bob Seger’s “Against the Wind” is an anthem to love and growing old. Among its many great lines is “wish I didn’t know now what I didn’t know then.” Can you tell I recently turned 40? But I write today not about what I...more

Goodwin

Mississippi Becomes 37th State to Legalize Medical Cannabis

Goodwin on

On February 2, 2022, Mississippi Governor Tate Reeves signed legislation authorizing cannabis for medical use. Mississippi is now the 37th state to legalize medical cannabis. The passage of SB 2095 (the "Act") comes more than...more

Holland & Knight LLP

Start Spreading the News: Adult-Use Cannabis May Come to New York

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New York Gov. Andrew M. Cuomo announced during his Jan. 6, 2021, State of the State Address a proposal to legalize and create a comprehensive system to oversee and regulate cannabis in New York state. The plan would establish...more

Ballard Spahr LLP

Banking Regulators Ease SAR Reporting Requirements Applied to Hemp-Related Businesses

Ballard Spahr LLP on

On December 3, 2019, four federal agencies – the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (“FDIC”), the Financial Crimes Enforcement Network (“FinCEN”), and the Office of the...more

Lowndes

Long-Awaited Guidance for Banking Hemp Clients Released

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Since the effective date of the 2018 Farm Bill, banking and the inability to acquire financing have been major impediments for the hemp industry. While demand for hemp continues to grow, banking regulations have still been...more

Steptoe & Johnson PLLC

West Virginia’s Treasurer Acknowledges Banking Fix, Readying for Medical Cannabis

Steptoe & Johnson PLLC on

West Virginia’s fledgling medical cannabis program is one step closer to fruition.  West Virginia’s State Treasurer’s Office has received five bids to provide general banking and financial services on behalf of the State’s...more

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