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National Credit Union Administration (NCUA) Critcizes Congress On Their Tardiness On Reforming Cannabis Laws.”The bottom line is this: Legalization in some form is going to happen, and the abdication of responsibility to address these issues in Washington is simply ludicrous.”

Cannabis Law Report

Top Federal Financial Regulator Slams Congress Over Marijuana Inaction And Calls For Interagency Banking Workgroup. Hood Remarks at the PBC Conference 2021: Payments, Banking, Compliance in the Cannabis Industry. Here’s his full presentation. September 2021. NCUA Board Member Rodney E. Board Member Rodney E. The Hemp Precedent.

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IRS Updates CTR Exams

Cannabis Law Report

entitled β€œ The IRS Is Using Its Big Data and Reminds Us and Its Agents That They Have Access to Records of Large Cash Transactions at Financial Institutions β€œ. The IRS has recently provided interim guidance to clarify actions IRS Examiners musttake to analyze and document Currency Transaction Report (CTR) data during an audit.

Banking 45
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CBD Ban: Brits Take Up Fight And Send Lawyers To Brussels

Cannabis Law Report

It has also recently began flexing extra-territoriality muscles in regards to data regulation, positioning itself as a world police of consumer data, to the chagrin of Silicon Valley’s luminaries. It has long kicked back against trends emerging from the US in financial and other markets, not least since the 2008 financial crisis.

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New Frontier Data Study Foresees U.S. Cannabis Consumer Demographic Surging to 71 Million by 2030

Veriheal

market alone represents a significant share of the worldwide market and, taking into account new projections published by New Frontier Data , U.S. Published as part of the data firm’s annual market updateβ€”which was carried out alongside FTI Consultingβ€”the “ 2022 U.S. The post New Frontier Data Study Foresees U.S.

Data 104
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Prohibitionists want THC-limit laws. Here’s why patients and consumers are fighting back

SpeedWeed

Mike Crapo (R-ID), then chair of the US Senate banking committee, indicated he was considering a 2% THC cap on cannabis products produced or sold by businesses that want secure financial services under the SAFE Banking Act, which is still in motion. In 2019, Sen. Such claims first emerged in the 1980s and continue to this day.

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Report: Federal Reserve Bank of Kansas City -β€œIs the Colorado Marijuana Industry Showing Signs of Maturation?”

Cannabis Law Report

In addition, the United States Postal Inspection Service has noted a rise of parcels containing marijuana from Colorado mailed to other states of 207 parcels before legalization in 2013 to 1,009 parcels in 2017. This continues to create challenges for marijuana businesses, including access to the payment and banking systems.

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Hollister Biosciences Inc. Announces strategic initiatives including a planned rebrand, executive and board updates

Cannabis Law Report

She brings 20 years of experience in the financial industry, specifically 10 years in banking and underwriting. In 2013 after divesting of the As Seen on TV brand, Kevin joined the board of directors of an emerging start-up in the functional beverage space; Celsius Holdings Inc.