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Pennsylvania’s Marijuana Banking and Insurance Bill Is Signed Into Law

PrestoDoctor

Marijuana banking options are limited for many entrepreneurs despite the fact that several thirty-six states legalize medical marijuana use. Thanks to a recent cannabis banking bill that has passed in Pennsylvania, cannabis-related businesses now have the right to use financial institutions and insurance for their businesses.

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Louisiana Expands State Medical Marijuana Program

MassRoots

The state’s medical marijuana program has been criticized for being too limited and too restrictive since the program was established in 2016, but the three laws that went into effect on Saturday aim to improve the situation. Federal Law: SAFE Banking Act.

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Understanding Medical Marijuana Laws in California

MMJ Recs

Similarly, Proposition 64, which was passed by California voters in 2016, legalized the recreational use of marijuana for adults aged 21 and older. Patient Rights: Patients with a valid recommendation from a physician have the right to access medical marijuana for the treatment of qualifying medical conditions.

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Cannabis Scams 3.0

Canna Law Blog

Back in 2016, I warned about pump and dumps with OTC-traded cannabis companies. Cannabis and crypto For some reason, certain cannabis companies and investors believe that crypto is the way for cannabis companies to solve their inability to access financial institutions (guess they’ve never read the 2014 FinCEN Guidelines ?).

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21 State Attorneys General Urge Congress Protect State Marijuana Programs From Federal Interference

Cannabis Law Report

AG Racine Leads Bipartisan Coalition of 21 States In Urging Congress To Pass Cannabis Banking Bill. The STATES Act Would Increase Public Safety by Allowing Cannabis-Related Businesses to Access the Banking System without Fear of Prosecution. September 23, 2019. September 23, 2019. WASHINGTON, D.C. – Attorney General Karl A.

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The Hot Box: bridging the gap between black business owners and financing

The Cannigma

The Minority Cannabis Business Association (MCBA) has hosted the event since 2016 and for the first time in 2021, Parallel , a multi-state operator, was the sponsor. It is patently obvious that minorities have a true lack of access to capital. The Hot Box has been growing since 2016 when Shanel Lindsay won with her business Ardent.

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Dama Financial to Acquire GrowFlow

Cannabis Law Report

20, 2022 /PRNewswire/ — Dama Financial (“Dama”), the nation’s largest provider of access to banking and payment solutions for the cannabis industry, has entered into an agreement to acquire GrowFlow Corp. (“GrowFlow”), whose business management and compliance tools have processed more than $3.3