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in WeedCash •  23 days ago  (edited)

Thursday July 9 2020

Bipartisan State Treasurers Call For Marijuana Banking Protections In Next Coronavirus Bill


click herefor you tube video
also please help by subscribing lol ....I only have like 25 subscribers.

“This provision would not only address new safety issues created by the COVID-19 crisis, but also those caused by the existing conflict between federal and state cannabis laws,” they said. “The 28,000 cannabis related legitimate businesses and their 243,700 employees, who already faced significant burdens before the pandemic, are now confronting dangerous new obstacles as they attempt to address the changed circumstances. To keep workers, patients and consumers safe, it is essential that we reduce the use of cash by creating access to financial services for these state-licensed businesses.”

bipartisan coalition of state treasurers sent a letter to congressional leaders on Wednesday, asking that they include marijuana banking protections in the next piece of coronavirus relief

McConnell called language requiring research on minority-owned and women-owned marijuana businesses “the cherry on top” and sarcastically referred to it as the “bold new policy from Washington Democrats that will kick the coronavirus to the curb and save American families from this crisis.”

“In response to the coronavirus, the international financial community, many major businesses, and even governmental entities have looked for cashless alternatives to financial transactions. However, the overwhelming majority of medical cannabis transactions still involve cash. This is particularly dangerous for medical cannabis caregivers and patients who are already at a higher risk for contracting the virus. Allowing cannabis-related legitimate businesses access to traditional banking could reduce the spread and protect many of the most vulnerable among us.”

https://www.marijuanamoment.net/mitch-mcconnell-and-other-gop-lawmakers-slam-marijuana-banking-provisions-in-coronavirus-bill/

https://www.marijuanamoment.net/bipartisan-state-treasurers-call-for-marijuana-banking-protections-in-next-coronavirus-bill/

McConnell image link:

https://images.app.goo.gl/VpbfFKWHexEND6MD9

Judge tosses California farm from tribal lawsuit over seized hemp plants
https://hempindustrydaily.com/wp-content/uploads/2020/07/SanJoaquin.pdf

con-tracts image source

https://images.app.goo.gl/3QMVWrkYhG6bZpA66

Bianchini spent “hundreds of hours, typically by [him]self or with one of [S.G. Farms’] workers, making sure everything stayed in proper shape.” Id. S.G. Farms relied on this 10 to 15 percent interest as an “important part of [its] revenue model” because it intended to rejuvenate its seed supply with its share of the crop. Id. ¶ 10. Additionally, Bianchini’s “estimate of the value of the CBD . . . would have provided S.G. Farms with the financial ability to continue its agricultural research for at least another three years.” Id.

In their post-evidentiary hearing briefs, both defendants and FSO plaintiffs contend Bianchini’s testimony and lack of evidentiary support, taken together, do not establish S.G. Farms’ interest in the crop, and thus expose S.G. Farms’ lack of standing

Bianchini’s testimony, S.G. Farms produces no evidence of a formal written agreement for a 10– 15 percent share of Chief Bills’s crop. The emails attached to Bianchini’s declaration are not proof of such an agreement, nor is the “consulting fee” notation appearing on one of the cashier’s checks remitted by Chief Bills because, as Bianchini’s testified, those checks were for the $15,500 worth of seeds and clones Chief Bills purchased for the grow.

https://hempindustrydaily.com/judge-tosses-calif-farm-from-tribal-lawsuit-over-seized-hemp-plants/

Indiana smokable hemp ban revived by federal appeals court

As part of the 2014 Farm Law, Congress permitted states and research institutions to cultivate industrial hemp for research purposes without needing first to obtain approval from the Drug Enforcement Administration (DEA). Industrial hemp is a product derived from the cannabis plant, but it is distinguishable from conventional marijuana in one crucial respect: it has a much lower concentration of tetrahydrocannabinol (THC),

http://media.ca7.uscourts.gov/cgi-bin/rssExec.pl?Submit=Display&Path=Y2020/D07-08/C:19-3034:J:Wood:aut:T:fnOp:N:2542549:S:0

The ruling means that Indiana can enforce its 2019 law banning the manufacture, possession and sale of smokable hemp products – while the case goes back to a lower court to refine an injunction that “sweeps too broadly,” in the words of the 7th District Court of Appeals in Chicago.

https://hempindustrydaily.com/indiana-smokable-hemp-ban-revived-by-federal-appeals-court/

The ruling means that Indiana can enforce its 2019 law banning the manufacture, possession and sale of smokable hemp products – while the case goes back to a lower court to refine an injunction that “sweeps too broadly,” in the words of the 7th District Court of Appeals in Chicago.

The ruling is just the latest wrinkle in a confusing national landscape for smokable hemp. Hemp farmers say that smokable hemp flower commands a market premium and is popular with consumers, but several states have announced plans to ban its production, including Iowa, Texas and Louisiana.

https://hempindustrydaily.com/indiana-smokable-hemp-ban-revived-by-federal-appeals-court/


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