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ARTICLE · 23 MAY 2020

The Week In Weed: May 15, 2020

Seyfarth Shaw LLP
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Welcome back to The Week in Weed, your Friday look at what's happening in the world of legalized marijuana. The big news this week is that cannabis banking is included in the latest federal relief bill.

United StatesCannabis & Hemp
Susan Ryan
Susan Ryan
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Welcome back to The Week in Weed, your Friday look at what's happening in the world of legalized marijuana.

The big news this week is that cannabis banking is included in the latest federal relief bill. SBA funds, however, are not. There's also lots of state news. We've got an update on the latest Montana legalization developments. Maine made changes to their marijuana program. Missouri is having issues with their medical marijuana licensing. Minnesota introduced a legalization bill and of course, there's more news from Massachusetts. So let's get started.

cannabis banking

The latest proposal submitted by House Democrats, entitled the HEROES Act, includes a provision that would allow "...access to financial services to cannabis-related legitimate businesses and service providers..." The language is from the SAFE Banking Act passed by the House last year. Whether the Senate will retain this language, considering that they have taken no action on the SAFE

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