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Cannabis Banking Today

Canna Law Blog

We are helping build out another cannabis banking program here in Oregon. My law firm has done a series of these for credit unions (“CU”s) and other financial institutions (“FIs”) going back to 2014. We have also handled a good bit of hemp banking work – mostly in 2019 and 2020 before that industry cratered. That’s banking.

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Credit Union and Banking Update for Hemp and Marijuana Industries

Greenspoon Marder Cannabis Law Group Blog

Last week, the National Credit Union Administration (NCUA) issued interim guidance stating that federally insured credit unions may provide certain financial services to legally operating hemp businesses. The need for cannabis businesses to have access to banking services continues to gain federal support.

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The Week in Weed: September 4, 2020

The Blunt Truth

Further bulletins as events warrant. It’s been a busy week for the Golden State. Assembly Bill 1525 allows cannabis banking under California state law. No sooner did the state’s Department of Health publish new rules, than Trulieve started making them available in their dispensaries.

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GABY Signs 20-Year Veteran Executive Marshall Minor as Chief Financial Officer and Continues to Consolidate its Asset Base and Realize Synergies within its California Operations

Cannabis Law Report

Most recently, Marshall was CFO of Shryne Group – a multi-state operator in the cannabis industry with operations in California, Michigan, Washington and Nevada, with a combined 10 operating dispensaries and revenues in excess of $100 million. Mr. Minor brings an extensive resume to GABY’s executive team. About GABY Inc.

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Security company stopped for hauling legal cannabis funds across Kansas settles federal suit – Litigation over Kansas case continues

Cannabis Law Report

Department of Justice agreed Wednesday to return all cash seized from an armored car company used by legal marijuana dispensaries during several traffic stops in California last year. As the van headed back to Colorado the next day after picking up cash from Missouri dispensaries, Robinson pulled over the van. In response, the U.S.

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The Ethical Cannabis Lawyer

Canna Law Blog

It was the first conference for the ABA’s new Global Cannabis section and the first live event I’ve done since COVID started. In denying the motion, the Georgia Supreme Court deferred obsequiously to federal law and the illegality of cannabis. b) in action involved a lawyer retained by two medical marijuana dispensaries in Colorado.

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Important Facts About California Marijuana Laws

The Herb Collective

A Cash-Only Industry The final California cannabis regulations still haven’t fixed the banking problem. Unfortunately, cannabis consumers in the state are still only able to pay for their purchases in cash or use an ATM-at-the-register payment system with high fees.

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