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Cannabis Banking Today

Canna Law Blog

We are helping build out another cannabis banking program here in Oregon. We have also handled a good bit of hemp banking work – mostly in 2019 and 2020 before that industry cratered. That’s banking. Cannabis dispensaries, cultivators, processors and testing facilities all fall under this definition.

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Dank of Oklahoma drops name after trademark infringement lawsuit from Bank of Oklahoma

Cannabis Law Report

March 13 2020 Tulsa world reported… A Tulsa-area dispensary faces a federal lawsuit from Bank of Oklahoma alleging trademark infringement. In a Wednesday filing in … Read More.

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Cannabis Banking: All Businesses are Marijuana Related Businesses

Canna Law Blog

Guidance on banking and MRBs. Department of Justice on “Marijuana Related Financial Crimes” was rescinded in 2018 , the FinCen Memo has been the only game in town for federal banking guidance. But banks don’t really use that. Cannabis dispensaries, cultivators, processors and testing facilities all fall under this definition.

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The Week in Weed: May 22, 2020

The Blunt Truth

Senator Mitch McConnell (R-KY) criticized the cannabis banking provisions in the latest stimulus bill, while state Attorneys General wrote a letter supporting them. As everyone knows, when COVID-19 hit, Massachusetts allowed medical dispensaries to remain open. cannabis banking. And finally, you can now buy hemp at Petsmart.

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ILLINOIS STARTS 2020 ON A HIGH NOTE

Cannabis Law Report

ILLINOIS STARTS 2020 ON A HIGH NOTE. by Akshita Singh and Douglas Sargent | Jan 10, 2020 | Legislation , Recreational Marijuana , Social Equity | Illinois. The IDFPR will issue up to 75 new dispensaries licenses on or before May 1, 2020. We are already beginning to work on those applications.

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The Week in Weed: May 29, 2020

The Blunt Truth

In federal news, the marijuana banking provisions in the latest relief bill may not be dead on arrival. As we all know, the state allowed medical marijuana dispensaries to remain open during the pandemic, but recreational shops were forced to close. Oklahoma is having some medical marijuana issues. Virginia decriminalized marijuana.

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Merkley & Daines Urge Chair of Senate Banking, Housing, and Urban Affairs Committee To Act On SAFE

Cannabis Law Report

Here’s their letter to the Chair and Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee. The inability of these state-legal entities to bank their significant cash reserves is an issue of public safety. In Yellowstone County, two medical marijuana dispensaries were burglarized on the same day in March.”.

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