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Cannabis Client Alert - Week of March 29, 2021 | Dentons


In this week’s edition:
Cannabis Banking Bill has bipartisan support
Congressional Research Service clarifies 280E
New York comes to recreational cannabis agreement
Medical cannabis laws have no impact on adolescent recreational use, research finds
Federal
Cannabis Banking Bill Reintroduced in the Senate -  US Sens. Jeff Merkley (D-OR) and Steve Daines (R-MT), along with 27 other cosponsors, have reintroduced the Secure and Fair Enforcement (SAFE) Banking Act. If enacted, SAFE would ensure that financial institutions could service cannabis business clients without facing federal penalties. At present, the threat of federal penalty has shut out many cannabis companies from working with  many banks and credit unions. Now that Democrats control the Senate and the White House, many in the industry are optimistic about passage. ....

New York , United States , Himachal Pradesh , United Kingdom , White House , District Of Columbia , North Dakota , Earl Blumenauer , Ned Lamont , Michelle Lujan Grisham , Stefan Underhill , Katie Ashton , Ruben Weigand , Joe Biden , Hamid Akhaven , Spencer Cox , Robyn Porter , Laura Kelly , Scott Greiper , Mikael Sodergren , Steve Daines , Andrew Cuomo , National Institute On Drug Abuse , Congressional Research Service , Youth Risk Behavior , Nature Credit Union Administration Board ,