Cannabis Banking a hot topic

Last week we talked a bit about banking and insurance, two major hurdles for cannabis businesses. A number of people try to contact banks about opening their accounts and are denied. We have also heard reports that VSECU has placed a moratorium on opening new cannabis and hemp accounts.

Prospective licensees should be aware that many federally insured banks do not work with cannabis businesses. And while some local banks are gearing up to receive new licensed cannabis businesses in the near future, it looks like VSECU is waiting for the final rules, as are likely a few other banks.

Rules 1 and 2 are currently at the Legislative Administrative Rules Committee (LCAR) with a hearing scheduled for February 24. – View Heady Instagram chat

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Vermont CCB Announces Pre-Qualifying Window

Regulators at the Vermont Cannabis Control Board announced today that they are opening their licensing pre-qualification window for applicants beginning Wednesday, March 16, 2022. Learn more

Cannabis legislation will be discussed this week

H.548 is on the Government Operations Committee schedule for Tuesday, February 15. H.548 on the government operations agenda

S.188 is also expected to be discussed in the Senate on Tuesday. S.188 on the VT Senate schedule

February 18 public consultation meeting on rules 3 and 4

MONTPELIER — The deadline is approaching for the public to submit comments on Rules 3 and 4 of the Vermont Cannabis Control Commission. In January, the Board of Control, as required by law, posted its proposed rules on the Vermont Secretary of State’s website and issued notices. in official local newspapers.

The public now has the opportunity to comment and react to the rules via the CWB’s website and at a public hearing, to be held on Friday, February 18 at 11 a.m. — through HVT

Vermont NORML & Magic Mann Advocacy Fact Sheet

ESSEX – Vermont NORML and Magic Mann have worked to create a quick and easy-to-use page that lists common myths about cannabis, countered by peer-reviewed studies, as well as facts about social equity and creating jobs.

Bookmark this page and use it often, whether you’re attending a board meeting, talking to your neighbors, or fighting misinformation online. – via Magic Mann

Essex Community Talk on Cannabis

ESSEX – The city and town want to have strong community conversations about whether and how to allow cannabis retail in the community. The first live community forum took place on Tuesday, December 7 from 4:30 p.m. to 5:30 p.m.

A second community forum will take place on Wednesday, February 16 from 6:00 p.m. to 7:00 p.m. All community members are welcome to attend in person, via the online meeting link, or by phone. Get more information and watch a recording of the first community forum on the Cannabis Community page on the Essex Town website. – via the town of Essex

Cannabis on Chester Selectboard agenda

CHESTER – Despite Chester Selectboard’s decision not to put the cannabis retail membership vote on the council assembly ballot, council again discussed the issue at its Feb. 2 meeting after a local resident requested his inclusion.

The next Chester Selectboard meeting is scheduled for Wednesday, February 16 at 6 p.m. in person at the City of Chester office or via Zoom. – via the Vermont Journal

Rockingham to Host Cannabis Information Forum for Voters

ROCKINGHAM – On Wednesday, February 16, there will be an information forum in Rockingham for voters on topics including zoning and advertising, local control, potential economic costs and benefits and impacts on young people.

Speakers will include Susan Westa of the Windham Regional Commission, local cannabis entrepreneur Deb Fox, Sen. Jeanette White (D-Windham) on legislative updates, Greater Falls Connections on youth prevention and a featured speaker in youth mental health.

The Cannabis Voter Information Forum will be a hybrid on Zoom and in-person at the Bellows Falls Opera House Lower Theater from 6:30 p.m. to 8 p.m. For those attending in person, masking and social distancing will be encouraged. A video recording of the voter forum will be posted on the FACT-TV website.

Zoom links will be available on the FACT-TV and Greater Falls Connections Facebook pages on the day of each event. Questions can be emailed to [email protected] before the event.

— via Brattleboro Reformer

Are you trying to catch up? Check out our January legislative roundup.

Is cannabis in the running in your city? Consult our map.

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Jessica C. Bell