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How Important is the SAFE Banking Act, Anyway?

Canna Law Blog

I’m pretty sure that more ink has been spilled on the Secure and Fair Enforcement Act (“SAFE Banking”), than any other proposed cannabis law. Specifically, SAFE Banking was introduced in 2017 and it passed the House seven times (seven times!) SAFE Banking will finally go to mark-up this week in the Senate Banking Committee.

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Article: 5 cannabis banking options — plus 4 alternatives

Cannabis Law Report

Cannabis banking options are still quite limited for marijuana entrepreneurs, despite 36 states legalizing medical marijuana and 17 states permitting recreational adult use, according to the National Conference of State Legislatures. Are there cannabis-friendly banks? Compare 5 cannabis-friendly banks and credit unions.

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Operational Security Solutions (OSS) Board of Directors Appoints New CEO

Cannabis Law Report

Solomon has held a senior role with OSS since corporate inception in 2017 and looks forward to shepherding the Company through its strategic growth and key initiatives. Notably, OSS boasts a no-loss record to-date. About Operational Security Solutions.

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MJ Biz Publish Their 2021 Edition: Women and Minorities in the Cannabis Industry

Cannabis Law Report

First published in 2017, and updated in 2019, the new 2021 Women & Minorities in the Cannabis Industry , is now available for download here. Challenges to Diversity and Equity (includes data application and licensing fees, start up costs, net worth by race, banking, drug related arrests, etc). We hold up the mirror. businesses.

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Tax Foundation Comments On Schumer Bill

Cannabis Law Report

Nevertheless, descheduling would have a profound effect on the marijuana businesses operating in states which have already legalized use—either medically and/or recreationally—by normalizing income tax treatment, opening access to capital, and permitting interstate commerce in cannabis.

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Argentina’s Congress Aprroves Law To Create Reg Framework “for public and private investments in the production of pharma-grade cannabis products.”

Cannabis Law Report

The law also provides cannabis businesses with access to traditional banking and establishes a streamlined regulatory process for hemp producers. In 2017, the country approved the import of cannabis products with a doctor’s prescription, and in 2020, a bill authorized home cultivation for medical patients.

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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