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Group to begin work on Alabama’s new medical cannabis program

Cannabis Law Report

The 14 people who will oversee Alabama’s new medical marijuana program will gather for the first time Thursday. The panel faces several deadlines to set up the rules to launch what will be a fully intrastate program. The Alabama Medical Cannabis Commission, created by legislation that passed in May, will meet at 1 p.m. Kay Ivey, Lt.

Programs 105
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What Do Banks Require for CBD Websites?

Cannabis Law Report

While these products are no longer illegal (notably a different definition than “legal”), most banks have been hesitant to jump in, citing the lack of framework from the compound’s new agencies of oversight: the USDA and the FDA. As a result, banks often require a website that sells CBD to meet several criteria to satisfy their guidelines.

Banking 66
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Southwest Capital Bank Strengthens Its Commitment to Cannabis Businesses with NatureTrak’s State-of-the-Art Compliance & Risk Management Technology

Cannabis Law Report

.–(BUSINESS WIRE)– #cannabisbanking –NatureTrak, the leading compliance and risk management solution for financial institutions serving the cannabis industry, today announces its newest customer, Southwest Capital Bank.

Banking 52
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Shield Compliance and POSaBIT Bring Compliant Cannabis Banking and Payments to the Industry

Cannabis Law Report

The alliance showcases the strengths of both organizations: Shield Compliance offers a purpose-built AML/BSA compliance management software solution that enables financial institutions to unlock new revenue and scale cannabis banking operations. Each month, POSaBIT processes millions of dollars of transactions for merchants across the U.S.

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Cannabis Banking In Oklahoma: All You Need To Know

MMJ Recs

But there’s one big question that surrounds the medical marijuana industry in Oklahoma: how do banks and the cannabis industry come together for their mutual benefit? Marijuana is still illegal on a federal level, making it difficult for those in the cannabis industry to use the federal banking system safely.

Banking 40
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Cannabis companies share how they launched social equity funding, programs

SpeedWeed

In response, some companies have launched their own programs aimed at providing women and people of color with more opportunities to succeed in the space. These efforts range from mentorship programs spanning many months to multimillion-dollar funds that support nonprofits and community organizations. New York Gov. Social Equity Funds.

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The Economic Impact of the Medical Marijuana Industry: Trends and Projections

MMJ Recs

This burgeoning industry encompasses a wide range of activities, including cultivation, processing, distribution, and retail sales of medical cannabis products. The establishment of cultivation, processing, and dispensary facilities creates a diverse array of employment opportunities, spanning from agricultural roles to retail positions.