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Cannabis Banking Today

Canna Law Blog

We are helping build out another cannabis banking program here in Oregon. We have also handled a good bit of hemp banking work – mostly in 2019 and 2020 before that industry cratered. That’s banking. Cannabis dispensaries, cultivators, processors and testing facilities all fall under this definition.

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8 Cannabis Trends to Watch in 2019

Cannabis Info

8 Cannabis Trends to Watch in 2019. So, the big marijuana experiment, on a large scale, is opening new opportunities for 2019 but it will be mainly for those huge corporations that have a lot of resources to throw around. They still hadn’t licensed dispensaries back then. It will happen in 2019. Censorship.

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California Creates “Cannabis Banks” for Legal Marijuana Businesses

WeedAdvisor

Banking and the cannabis industry have a somewhat hands-off relationship. banks are skittish about doing business with dispensaries in legal states. With cannabis still being illegal on a federal level, financial institutions fear reprisals. SAFE Banking Act of 2019”) to protect banks against such prosecution.

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The Week in Weed: July 5, 2019

The Blunt Truth

Florida will start producing commercial hemp, and it’s now legal to possess low THC cannabis oil in Kansas. As for New Mexico, out-of-state patients do not qualify for a medical cannabis card, but since a new panel will begin advising the governor on recreational marijuana legislation, that may not matter. Why, yes there are!

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The Week in Weed: September 20, 2019

The Blunt Truth

Let’s start with banking. Civil rights groups are not so eager to see the banking bills advance. This would allow more cannabis research, as would the Expanding Cannabis Research and Information Act. And Scott Gottlieb, former FDA director, says it’s time for federal regulation of cannabis.

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The Week in Weed: December 20, 2019

The Blunt Truth

The big news on Capitol Hill this week was the Senate’s lack of action on the banking bill. Senator Mike Crapo (R-Idaho), the chairman of the Senate banking committee, opposes legalization and seemed disinclined to move on the issue. And a Kentucky legislator is proposing that state legalize as well.

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The Week in Weed: August 2, 2019

The Blunt Truth

It would remove restrictions on federal research into cannabis and expand studies on the potential benefits and harms from cannabis use. Meanwhile, the state of Arizona is experimenting with a new procedure to get around the lack of banking services for marijuana companies.

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