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Banks justify these fees as a cost of compliance and due diligence, such as filing suspicious activity reports and processing cash-heavy deposits and withdrawals. 2050 and S.B. The services of the financial institution come with an increased cost and some growers report being charged an exorbitant amount in monthly fees.
Cannabis companies hat clear state compliance hurdles may have an existing brand that’s strong (or choose to create a whole new one for a fresh start). The previously tight-knit, communal feel many in the cannabis industry had prior to recreational legalization. Call us at 714-937-2050.
64 that legalized recreational use. Attorney General said he’d favor a new bill protecting cannabis businesses and users from federal prosecution as long as they were in compliance with federal law. Call us at 714-937-2050. Recently, the U.S. Additional Resources: National Treasury Employees Union v. Supreme Court.
A poll conducted last year by the Pew Research Center reveals 6 in 10 Americans favor legalizing pot for both medicinal and recreational use. Federal legalization matters a great deal, despite the fact that 18 states allow recreational use for adults and 37 allow medicinal marijuana. Call us at 714-937-2050.
At the present time, state medical and recreational legalization have no impact on federal drug control laws. Although many states have chosen to legalize medical marijuana and four have legalized recreational use, such state actions continue to conflict with federal law. 2050 , 2051, 2075; Pub. Emphasis added). 301(a), Nov.
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