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Banking for Cannabis Growers

Canna Law Blog

Though many business owners may find banking to be a headache regardless of industry, few business owners have more hurdles to deal with than cannabis growers and dispensaries. The current state of cannabis banking can have a significant impact on where cannabis business owners keep their money and whether they obtain cannabis loans.

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UK’s Metro Bank Will No Longer Service CBD Clients

Cannabis Law Report

Business Cann reports it is a big blow for the UK sector as they were one of the few in the country that would accept CBD clients… METRO Bank, one of the few institutions in the UK open to working with cannabis-related companies, is now closing its doors to the sector. . Bank Refuses To Comment.

Banking 52
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Canada: Grower vs. bank case finally going to hearing over loan issue

Cannabis Law Report

The dispute dating from 2010 follows Scotiabank’s recall of a loan to a homeowner with a federal licence to grow medical cannabis. An 11-year dispute over whether banks can pull mortgages from marijuana users is finally headed to the Canadian Human Rights Tribunal, says Blacklock’s Reporter. The Western Standard reports.

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Maine Cannabis Regulator Unveils New Medical Marijuana Applications

Cannabis Law Report

Applications for medical marijuana dispensaries available for the first time since 2010, caregiver applications added to Office of Marijuana Policy’s electronic offerings. We hope that these improvements allow them to spend more time focusing on serving Maine patients and successfully operating their businesses.”.

Marijuana 105
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Curaleaf Issues Statement To Shareholders After Social Media Firestorm Re Russian Connections

Cannabis Law Report

Experiences Jordan lists on his LinkedIn page include chairman and founder of Renaissance Capital, an emerging markets investment bank, in 1995, as well as managing director at Credit Suisse in Moscow from 1992 to 1995. government economic sanctions now or in the future is incorrect.”. Also, read . Market Watch.

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Simplifya Announces the Appointment of Mercury Payment Systems Inc. and MassPay Incorporated Cofounder Jeffrey B. Katz to Its Board of Directors

Cannabis Law Report

We’re thrilled to welcome him to Simplifya’s Board of Directors, and look forward to working closely with him as we continue to deliver a comprehensive suite of regulatory and operational compliance solutions to cannabis businesses, regulatory bodies and the banking, financial and payment-related services sectors.”. “As

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Recnt MJ Biz Report Details Tensions Between US Cannabis Industry Organisations

Cannabis Law Report

On one side, the legacy group, the National Cannabis Industry Association (NCIA), counts more than 1,000 members since its 2010 founding. A rivalry has emerged between the two largest trade associations in the cannabis industry. The NCIA calls itself the “oldest” and “most inclusive” cannabis trade association.