Home > Insights > Blogs > Tracking Cannabis > "SAFE-Banking-Act"

Tracking Cannabis

Tracking Cannabis

(By accessing, browsing or using the pages below, you agree to the Blog Conditions of Use/Disclaimer available under "Links.")

Posts

STATES Act reintroduced in Congress to harmonize federal, state cannabis law

Kevin Young Jack Jacobson April 24, 2019
PotGavel

The STATES Act has been reintroduced in the U.S. Senate and largely mirrors its previous version, with two exceptions. The Act is likely to see opposition from conservatives who may see it as a step towards legalization, while some progressives have already claimed it does not go far enough. READ MORE

Thompson Coburn advises clients on state laws governing the business of cannabis to facilitate compliance with those state laws. Federal laws concerning cannabis currently conflict with state laws in states that have legalized cannabis or possession of cannabis. Although federal enforcement policy may at times defer to these states’ laws and not enforce conflicting federal laws, interested businesses and individuals should be aware that compliance with state law in no way assures compliance with federal law, and there is a risk that conflicting federal laws may be enforced in the future. In addition to this Cannabis-specific note, readers should review Thompson Coburn’s Conditions of Use / Disclaimers page containing other important information.