A blog chronicling the evolution and implementation of cannabis laws in the United States
Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana.
We have an update on the SAFE Act, as it makes yet another foray into the weeds of enactment. The state of Maryland seriously discusses adult-use legalization. Meanwhile, the Tennessee Valley Authority says they won’t supply electricity to marijuana growers with…
Continue Reading The Week in Weed: February 11, 2022
Welcome back to The Year In Weed, our annual roundup of cannabis-related stories. As usual, we’ll adopt Dave Barry’s Year in Review format and look at stories month by month. Last year, I wished for “better things” in 2021. Is that what we got? 2020 was such a low bar, it’s hard to see how any year couldn’t clear…
Continue Reading The Year in Weed: 2021 Edition
Welcome to The Week in Weed’s look back at the news of 2019; whether the year has flown by or seemed to last forever, it’s (almost) over now. In tribute to Dave Barry and his always hilarious Year in Review, we’ll organize these stories by month.
Without further ado, here’s a look at the stories that grabbed our attention in 2019.
Continue Reading The Year in Weed: 2019 Edition
Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana.
Let’s start off with the big news: the SAFE Act passed in the House. For news coverage, see here, here and here. For our take on this legislation (spoiler alert: we’re not so sanguine about its chances in the…
Continue Reading The Week in Weed: September 27, 2019
Yesterday, the House of Representatives passed H.R. 1595, the Secure and Fair Enforcement Banking Act (SAFE Act), by a vote of 321-103, with 90 Republicans voting in favor of the bill. Some have hailed the bill as a panacea for banking cannabis related businesses (CRBs). While this post is not intended to be a comprehensive analysis of the SAFE…
Continue Reading SAFE Act Passes in the House, But…
Marijuana is estimated to be a $10 billion industry and rapidly growing. Almost all of it is conducted in cash. Although legal in thirty three states plus Washington, D.C., Puerto Rico and Guam, marijuana remains illegal at the federal level. Accordingly, financial institutions that handle proceeds from a transaction involving the distribution, manufacture or sale of marijuana would be handling illegal proceeds in violation of both federal money laundering statutes and banking regulations that prohibit such institutions from participating in any transaction or engaging in any relationship involving illegal proceeds.
Continue Reading Will Banks be Able to Play it SAFE with Marijuana Related Businesses?
