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Article – “Stop Dreaming: Cannabis Banking Reform Isn’t Happening in 2020”

Cannabis Law Report

If Nasdaq.com are re-distributing a Motely Fool piece on the state of cannabis banking then we’d suggest it is probably worth heeding what’s being said. This has led some pot companies to deal strictly in cash, which is a growth inhibitor and a safety concern. That’s only 8.4%

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Rep Heck: We’re late to implement the SAFE Banking Act. Read his press release, the draft bill & full meeting package

Cannabis Law Report

FIRST CONGRESSIONAL HEARING HELD ON CANNABIS BANKING. Today the House Financial Services’ Subcommittee on Consumer Protection and Financial Institutions held the first-ever congressional hearing on the issue of cannabis banking. . To continue to do nothing to protect public safety would be negligence.”. Feb 13, 2019 .

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The State of Cannabis Banking at a Pivotal Moment in the Industry: Q&A with Safe Harbor Services’ Amanda McComb

SpeedWeed

The SAFE Banking Act is back in Congress, and political momentum is swinging in favor of the cannabis industry’s need to normalize its relations with financial institutions. Here, we spoke with Safe Harbor Services Vice President Amanda McComb about some of the recent trends and changes that she’s seen in banking the cannabis industry.

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Understanding Medical Marijuana Laws in California

MMJ Recs

California Medical Marijuana Legislation Explained The current regulatory framework for medical marijuana in California is primarily governed by the Medical Cannabis Regulation and Safety Act (MCRSA) and the Adult Use of Marijuana Act (AUMA), also known as Proposition 64.

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ABA (American Bankers Assoc) & CUNA (Credit Union National Association) Team Up On Cannabis

Cannabis Law Report

Specifically, they called for the passage of the Secure and Fair Enforcement Banking Act, a pending bipartisan bill that would allow financial institutions to serve legitimate cannabis businesses in states that have legalized the drug. Congress can solve the cannabis banking conundrum now. By Rob Nichols, Jim Nussle.

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Report: Federal Reserve Bank of Kansas City -“Is the Colorado Marijuana Industry Showing Signs of Maturation?”

Cannabis Law Report

However, the pace of growth in recreational sales slowed from year-over-year changes above 100 percent in early 2015 to below 20 percent in the latter part of 2017 before reaching a low of about 7 percent growth in the fall of 2018. xxxvii Colorado Division of Criminal Justice, Department of Public Safety. Conclusion.

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Two States Stick the Landing on Cannabis Legalization: Week in Review

SpeedWeed

The SAFE Banking Act is back in Congress, and political momentum is swinging in favor of the cannabis industry’s need to normalize its relations with financial institutions. Here, we spoke with Safe Harbor Services Vice President Amanda McComb about some of the recent trends and changes that she’s seen in banking the cannabis industry.

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