SAFE Banking Act

Unrivaled Brands Announces Non-Binding Letters of Intent For a Significant Acquisition and Provides Stockholder Update

Retrieved on: 
Thursday, November 16, 2023
Economics, Acquisition, OTCQB, Transaction, Unrivaled, Letter of intent, Collection, Schedule, Internal Revenue Code, Cannabis, SAFE Banking Act, SAFER, Resolution, Letter, Operator, Growth, Drug, Commercial property, Sales

Currently, the Operators who are party to the Letters of Intent include 11 operating retail dispensary entities, 4 cultivation operations, and 1 manufacturing facility which includes a commercial kitchen and distribution hub.

Key Points: 
  • Currently, the Operators who are party to the Letters of Intent include 11 operating retail dispensary entities, 4 cultivation operations, and 1 manufacturing facility which includes a commercial kitchen and distribution hub.
  • Geographic Expansion: The Proposed Transaction expands and connects the Company's footprint statewide, opening up fresh avenues and synergies in previously untapped markets.
  • Synergistic Integration: The new assets are anticipated to seamlessly integrate with Unrivaled’s existing operations driving operational efficiencies and improved profitability.
  • Enhanced Stakeholder Value: Acquisitions underline Unrivaled's commitment to delivering continuous and augmented value to its stockholders and employees.

ESET launches all-in-one protection, including VPN, identity protection, and a new look for consumer offering

Retrieved on: 
Tuesday, November 21, 2023
Data, Virtual private network, MAC, IC3, Internet, Social, SAN, Android, Wi-Fi, Policy, SSN, Credit report monitoring, Intelligence Identities Protection Act, Social media, Privacy, Cyberbullying, FBI, Social Security, Fraud, SAFE Banking Act, Internet Crime Complaint Center, Security, USB, History, Research, HOME, MacOS, Ecosystem, DNS, Metadata, VPN, Credit, Password manager, Violence, Parental Control, Identity theft, IDS, AI, IOS, ESET, COVID, Mobile phone, Online shopping, Identity

With more than 30 years on the market, ESET has moved to unify its broadly deployed consumer product portfolio.

Key Points: 
  • With more than 30 years on the market, ESET has moved to unify its broadly deployed consumer product portfolio.
  • With the new offering, ESET introduces two groundbreaking features aimed at bolstering online security and privacy—VPN and Identity Protection.
  • By adding VPN and Identity Protection on iOS, ESET is strengthening its presence on this platform, where Password Manager and ESET HOME are already established.
  • This includes ESET NOD32 Antivirus , ESET Mobile Security for Android , Parental Control for Android , and ESET Smart TV Security .

Top Strike Announces 2024 First Quarter Financial Results ending July 31, 2023 and Corporate Update

Retrieved on: 
Friday, September 29, 2023
Treasury, IRC, CSE, SAFE Banking Act, CGT, Senate, Senior, CRC, HHS, Conversion, Classification, SAFE, SAFER, Majority, Secure, TGC, Schedule, II, New Jersey Cannabis Regulatory Commission, Congress, Conditional, DEA, Investment, Gold, BID, Financial result, Transaction, Cannabis, United States Senate Committee on Banking, Housing, and Urban Affairs, Warrant (finance), Drug, Cryptocurrency, Security (finance)

As at July 31, 2023, 57% of the Company's assets was directly related to US cannabis activities.

Key Points: 
  • As at July 31, 2023, 57% of the Company's assets was directly related to US cannabis activities.
  • The Company generated $149,995 (2022 - $97,942) in interest income from its short-term treasury deposits and two receivable notes.
  • Expenses for the three months ended July 31, 2023, were $236,900 (2022 - $277,992).
  • On August 16, 2023, the Company amended and restated its definitive agreement with Cannavative (the "A&R Definitive Agreement" or the "Transaction").

Benzinga Cannabis Capital Conference Returns at a Pivotal Moment as the Federal Government Considers Relaxing Marijuana Laws

Retrieved on: 
Friday, September 22, 2023
Controlled Substances Act, IRS, Senate, SAFE, Secure, Ground substance, Removal of cannabis from Schedule I of the Controlled Substances Act, Schedule, Cannabis, Growth, United States Senate Committee on Banking, Housing, and Urban Affairs, SAFE Banking Act, Conference, Legislation, Drug

CHICAGO, Sept. 22, 2023 /PRNewswire/ -- As favorable forces align within the cannabis industry, the Benzinga Cannabis Capital Conference is set to commence in Chicago on September 27-28, 2023, at the Marriott Magnificent Mile. The event will gather the most influential investors and business leaders at a pivotal time for the industry.

Key Points: 
  • The event will gather the most influential investors and business leaders at a pivotal time for the industry.
  • Foremost among these transformative forces is the anticipation of a federal rescheduling of cannabis to a Schedule III substance under the Controlled Substances Act.
  • "The Benzinga Cannabis Capital Conference is coming at a crucial time for the industry.
  • Benzinga provides discounted tickets for the conference to cannabis business owners who have obtained state certification for their social equity initiatives.

New research on the state of the cannabis industry in the US by Coinpaper

Retrieved on: 
Friday, July 21, 2023
Senate, SAFE, Secure, Curaleaf, OTC, Growth, SAFE Banking Act, Legislation, Drug

WARSAW, Poland, July 21, 2023 /PRNewswire/ -- Similarly to the crypto industry, the cannabis market exists in a regulatory gray area, is highly volatile, and thrives off media buzz and millennials' excitement — yet has significantly better prospects with the US regulators, Coinpaper analysts argue. Over recent years, steps to decriminalize marijuana in the US and Canada have helped the cannabis industry gain momentum, but now most marijuana stocks' prices are far below their 2021 bull market highs, which represents an attractive investment opportunity for those willing to navigate this high-risk, high-reward market.

Key Points: 
  • Over recent years, steps to decriminalize marijuana in the US and Canada have helped the cannabis industry gain momentum, but now most marijuana stocks' prices are far below their 2021 bull market highs, which represents an attractive investment opportunity for those willing to navigate this high-risk, high-reward market.
  • The industry, however, is not without risks: since most marijuana stocks trade on OTC markets with little to no regulatory oversight, it opens the door to potential scams and market manipulation of marijuana stocks.
  • Legal risks also exist as the industry's growth is tied to legislation.
  • Finally, marijuana companies' valuations are oftentimes based on speculation and future growth potential rather than current financial performance, which can lead to inflated stock prices.

PBC announces Congressman Earl Blumenauer as a Keynote Speaker for PBC 2023 Conference

Retrieved on: 
Thursday, June 1, 2023
Congressional Cannabis Caucus, SAFE Banking Act, Senate, Member of Congress, PBC, SAFE, Government, Congress, George W. Wilson (IRS commissioner), Chairperson, Bank regulation in the United States, House, Conference, Drug

WASHINGTON, June 1, 2023 /PRNewswire/ -- Congressman Earl Blumenauer, Founder and Co-Chair of the Congressional Cannabis Caucus, will discuss cannabis banking at the PBC 2023 Conference in Washington D.C., September 21-22, 2023.

Key Points: 
  • A key introducer of the bipartisan and bicameral Secure and Fair Enforcement (SAFE) Banking Act of 2023, Congressman Blumenauer to speak at PBC 2023.
  • WASHINGTON, June 1, 2023 /PRNewswire/ -- Congressman Earl Blumenauer, Founder and Co-Chair of the Congressional Cannabis Caucus, will discuss cannabis banking at the PBC 2023 Conference in Washington D.C., September 21-22, 2023.
  • As quoted in his office's press release , Congressman Blumenauer states "It is past time that Congress addresses the irrational, unfair, and unsafe prohibition of basic banking services to state-legal cannabis businesses.
  • All-access passes are now available for PBC 2023, being held in Washington, D.C. this September 21-22, 2023.

Cresco Labs Reports First Quarter 2023 Results

Retrieved on: 
Wednesday, May 24, 2023
Tobacco, Hemp, Cannabis, Specialty, Alternative Medicine, Health, Retail, Agriculture, Natural Resources, Pressure, Cresco, Employment, CSE, Cresco Labs, SAFE Banking Act, Senate, SAFE, Bank statement, Tax, FSE, GAAP, Central Time, SEDAR, Webcast, Depreciation, MSO, Corona Labs Inc., CL, Total, Video game, Bank, Drug, Security (finance)

Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) (“Cresco Labs” or the “Company”), a vertically integrated, multi-state operator ("MSO") and the cannabis industry’s No.

Key Points: 
  • Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) (“Cresco Labs” or the “Company”), a vertically integrated, multi-state operator ("MSO") and the cannabis industry’s No.
  • 1 producer of branded products, today released its financial and operating results for the first quarter ended March 31, 2023.
  • Cresco Labs’ SEED Community Incubator Program provided staff hours and expert guidance to an Illinois social equity dispensary license holder that is opening its first store next quarter.
  • The Company expects to file its unaudited condensed interim consolidated financial statements for the quarter ended March 31, 2023, on SEDAR on or about May 24, 2023.

TEAMSTERS ENDORSE SAFE BANKING ACT

Retrieved on: 
Thursday, May 11, 2023
Theft, Partnership, Violence, SAFE, Secure, International Brotherhood of Teamsters, Retirement, Housing, Risk, Hearing, United States Senate Committee on Commerce, Science, and Transportation, SAFE Banking Act, Drug

WASHINGTON, May 11, 2023 /PRNewswire/ -- The Teamsters are endorsing the Secure and Fair Enforcement (SAFE) Banking Act, which today got a hearing in the U.S. Senate Committee on Banking, Housing and Urban Affairs. The bipartisan legislation will protect workers and improve public safety by allowing legal cannabis businesses access to banking services.

Key Points: 
  • WASHINGTON, May 11, 2023 /PRNewswire/ -- The Teamsters are endorsing the Secure and Fair Enforcement (SAFE) Banking Act, which today got a hearing in the U.S. Senate Committee on Banking, Housing and Urban Affairs.
  • The bipartisan legislation will protect workers and improve public safety by allowing legal cannabis businesses access to banking services.
  • The SAFE Banking act will allow these workers to engage in a meaningful partnership with their employer by removing archaic and non-sensical regulations that the industry is currently subjected to."
  • "The SAFE Banking Act will create a safer and more secure work environment for the cannabis industry," said Peter Finn, Teamsters Western Region International Vice President and Food Processing Division Director.

PH&S Law Enforcement Coalition Forms to Inform and Engage in State and Federal Cannabis Policy

Retrieved on: 
Wednesday, May 10, 2023
SAFE Banking Act, Violence Policy Center, Senate, SAFE, Law enforcement, Policy, Fear, Rose Parade marching bands, United States House of Representatives, Workforce, Public policy, Human, Public health, AGA, PH, Cannabis, United States Senate Committee on Banking, Housing, and Urban Affairs, Small business, US House and Senate career of John McCain (until 2000), Drug, Property management

DENVER, May 10, 2023 /PRNewswire/ -- Today, the Policy Center for Public Health & Safety (PH&S) is announcing the formation of a law enforcement coalition designed to serve as a liaison and sounding board to state and federal policymakers on cannabis reform policy.  

Key Points: 
  • The coalition will include a range of law enforcement experts and leaders from across the US including rank-and-file law personnel.
  • The timing of the coalition coincides with 2023 cannabis priorities being set in Washington, DC and lawmakers introducing cannabis legislation.
  • Kimbro brings decades of experience in training, consulting, and equipping professional law enforcement agencies on six continents while also bringing a background in interfacing with the cannabis industry and law enforcement.
  • PH&S' law enforcement coalition will take a multi-faceted approach in including municipal, county, state, and federal local law enforcement perspectives.

DFPI Regulators to hold live Q&A with StandardC on the SAFE Banking Act

Retrieved on: 
Tuesday, February 28, 2023
California Department of Financial Protection and Innovation, Cannabis, Risk, Q&A, MRBS, California Department, SAFE Banking Act, Financial Crimes Enforcement Network, Legislation, SAN, Senate, Secure, SAFE, Risk management, Drug, Whaling

SAN FRANCISCO, Feb. 28, 2023 /PRNewswire-PRWeb/ -- Today, StandardC, the leading fintech platform that transforms how banking and financial service providers manage risk & compliance, is bringing together the top banking regulators from the California Department of Financial Protection & Innovation (DFPI) to discuss how banks and credit unions can bank cannabis, the role of the Secure and Fair Enforcement Act (SAFE Banking Act) via a live Q&A on Thursday, March 9.

Key Points: 
  • The SAFE Banking Act was proposed in 2019 to solve the cannabis banking problem.
  • In late 2022, the SAFE Banking Act was close to being voted on in the Senate but ultimately did not pass during the lame-duck session.
  • The StandardC virtual roundtable and Q&A will focus on various topics, from cannabis legalization and SAFE Banking to the challenges faced by state regulators, cannabis banking regulations, risk management requirements, and more.
  • Who: For nationwide banks and credit unions that want to understand how to navigate banking in the cannabis industry and the implications of the SAFE Banking Act.