Topic: Legislation

California Senate Passes Bill to Jump Start Cannabis Banking

California is done waiting on the federal government. As the federal Secure and Fair Enforcement Banking Act (“SAFE Banking Act”) remains stymied in the U.S. Senate, California is proceeding with its own banking reform. Specifically, the California Senate recently passed Senate Bill 51 (the “Cannabis Limited Charter Banking and Credit Union Law”), which would allow private banks and credit unions to apply for charters that would explicitly permit them to handle cannabis transactions.

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Governor Pritzker Signs Recreational Marijuana Bill: Here Are The Deadlines That Are Triggered

Today, Governor Pritzker signed into law the Cannabis Regulation and Tax Act (the “Act”) that was passed by the Illinois General Assembly on May 31, 2019. There was never any question about whether Governor Pritzker would sign the Act, but today’s signing is significant in that it officially starts the clock on certain provisions.

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Wisconsin, the Birthplace of Modern Progressivism, Lags Behind on Marijuana (But Not CBD)

Wisconsin has long been known for its progressive politics. Yet on one of the more progressive issues of the era—the legalization of marijuana for recreational and/or medical use—Wisconsin has made essentially no progress. It is among the minority of states that have not legalized marijuana for any purpose.

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One Small Step for the Federal Government, One Giant Leap for the Cannabis Industry?

On June 20, 2019, the U.S. House of Representatives voted 267-165 in favor of an amendment that restricts the Department of Justice from interfering in jurisdictions where marijuana is legal. The amendment, which is imbedded in the omnibus appropriations bill for the 2020 fiscal year, prohibits the Department of Justice from spending money to prevent states and Washington D.C. from implementing their adult-use and medical marijuana programs.

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Access Granted: Colorado’s Thriving Cannabis Market Now Open to Outside Investors

When Colorado legalized recreational marijuana in 2014, it prohibited publicly traded cannabis companies from operating in the market. This created a unique Colorado marijuana market populated by a diverse group of smaller, local operators. That is about to change; Governor Jared Polis recently signed into law HB19-1090, a measure that will allow larger, out-of-state investors to enter Colorado’s market effective November 1, 2019.

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Nevada Bans Employers from Refusing to Hire Applicants that Test Positive for Marijuana

Starting January 1, 2020, employers in Nevada will be prohibited from failing or refusing to hire a prospective employee because of a positive test for marijuana. Assembly Bill No. 132 was signed into law by Governor Steve Sisolak on June 5, 2019, making Nevada the first state to enact such a prohibition (while Maine forbids employers from discriminating based on marijuana usage, it has no law specific for pre-employment drug testing).

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