Remove Banking Remove Collective Remove DEA Remove Topical
article thumbnail

Getting into the Cannabis Business? Here are Some Things you Need to Know

Otherside Farms

Due to cannabis businesses being considered high risk, banks will often not loan money. The community also offers start-up businesses the opportunity to become a part of a larger collective. Credit Card Processing and Banking. Find a legitimate credit card processor or bank that can support your business.

article thumbnail

CPA Journal Article: “Providing Services to the Marijuana Industry”

Cannabis Law Report

1595 [the Secure And Fair Enforcement (SAFE) Banking Act of 2019] was introduced to increase public safety by expanding financial services to marijuana-related legitimate businesses and service providers and reducing the amount of cash at such businesses. Likewise, in Patients Mutual Assistance Collective Corp. State Board Positions.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Schumer Introduces Legislation “Cannabis Administration & Opportunity Act” … Everybody Has An Opinion

Cannabis Law Report

“Closing the door on broadly supported incremental reforms like the SAFE Banking Act while the Senate seeks compromise on farther-reaching bills hurts the possibilities for consensus and ignores the very real needs of small business operators who have repeatedly said that access to banking services and traditional lending is an existential issue.

article thumbnail

Lighting Up Florida’s Medical Marijuana People: The Medics Series, Part 6

Cannabis Law Report

Most importantly, as participants in the state’s cannabis-collective experience, all patients ultimately choose a physician based on the ability of a mere 2,300 certified licensed doctors to see the sheer number of Florida patients, now past 300,000 active cardholders. . Federal Register. . – Citations from U.S.

article thumbnail

The Year in Weed: 2020 Edition

The Blunt Truth

In February , marijuana was a topic of conversation at the Democratic Presidential debates. was just one of several states facing problems with signature collection. Senator Mitch McConnell (R-KY) objected to including cannabis banking in federal relief programs. The DEA released an interim hemp rule that the industry hated.

DEA 109