The Democratic-controlled House of Representatives voted late Wednesday to pass the SAFE Banking Act. The legislation would create protections for depository institutions that provide financial services to cannabis-related legitimate businesses and service providers for such businesses. Now the Republican-controlled Senate must review and vote on SAFE Banking in order to gain passage. There is no timeline for when the vote may occur on the Senate floor; however, R-ID Senator Crapo announced plans to hold a committee hearing on the bill before year's end.
Federal Labor Laws:
The U.S. Court of Appeals ruled that cannabis workers are protected by federal wage rules, specifically the Fair Labor Standards Act related to overtime pay. The Court affirmed the lower court’s denial of Helix’s motion to dismiss, saying “employers are not excused from complying with federal laws just because their business practices are federally prohibited.”
In Michigan, the MRA released an Advisory Bulletin to notify all medical marijuana facilities of common inaccuracies observed in the statewide tracking system (Metrc). Inaccuracies include incorrect unit weights, duplicate transactions, incorrect patient and caregiver numbers, and over-sales to patients. The MRA outlines the action necessary to remediate each error for provisioning centers/dispensaries.
The MRA also released a Tips Bulletin highlighting the requirements and/or notable changes that medical facilities must adhere to in order to pass pre-licensure inspections and compliantly possess adult-use licenses.
In Washington, the latest Leaf contract extension expires at the end of September. The LCB has held numerous closed-door sessions to garner feedback on traceability operations within the state. There should be an update from the LCB next week on near-term expectations. It is predicted that the Leaf contract will be extended for a longer period of time while the "Cannabis 2.0" discussions lead to a different approach to oversight which positions the state for success in the years ahead.
Get monthly regulatory compliance updates delivered to your inbox.