NORML
MAY 19, 2020
Attorneys Generals from 34 states and territories sent a letter today to Congressional leadership urging members to expeditiously pass The Secure and Fair Enforcement (SAFE) Banking Act so that state-licensed cannabis business can explicitly engage in relationships with banks and other financial institutions.
Canna Law Blog
NOVEMBER 16, 2023
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. These are the highest risk businesses for banks and constitute the majority of suspicious activity report (“SAR”) filings.
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NORML
APRIL 2, 2019
The 2020 Democratic Presidential Primary is already heating up and we wanted to reach out to our supporters to take an early straw poll of who they think voters who prioritize marijuana law reform should support in that primary. Please review the information below and then cast a vote in our 2020 Democratic Primary Straw Poll!
Canna Law Blog
FEBRUARY 28, 2022
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 Department of Justice on “Marijuana Related Financial Crimes” was rescinded in 2018 , the FinCen Memo has been the only game in town for federal banking guidance.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. These businesses are lower risk for banks than Tier I. Allow me to explain. That’s wrong.
Cannabis Law Report
DECEMBER 30, 2019
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. In other words, it’d open the door for banks to offer lines of credit, checking and savings accounts, and traditional loans, to U.S. Here’s the piece.
The Blunt Truth
FEBRUARY 20, 2020
Staying out west, New Mexico will phase out medical cannabis cards for non-residents , starting mid-year 2020. Turning our attention to the federal government, Senate Banking Committee chair Mike Crapo (R-ID) got a letter this week from Republican legislators asking him to oppose marijuana banking.
SpeedWeed
MARCH 21, 2021
in 2020, there were 515 banks and 169 credit unions providing services to cannabis-related businesses at the end of last year, according to Financial Crimes Enforcement Network’s (FinCEN) quarterly cannabis banking update. But those banks are not the “national associations” of the world. Helping motor more than $17.5
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