Remove Access Remove Banking Remove Compliance Remove Hemp
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Newly Published Paper: Not a SAFE Bet: Equitable Access to Cannabis Banking, An Analysis of the SAFE Banking Act

Cannabis Law Report

According to its sponsors and supporters, the Safe and Fair Enforcement (‘SAFE’) Banking Act would help address the challenges faced by small cannabis businesses that cannot currently access banking services or loans. Promote compliance with state and local regulatory requirements regarding business ownership.

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Paper: “Not a SAFE Bet: Equitable Access to Cannabis Banking, An Analysis of the SAFE Banking Act.”

Cannabis Law Report

CRCC’s paper, published by the Ohio State University (OSU) Moritz College of Law, is titled “Not a SAFE Bet: Equitable Access to Cannabis Banking, An Analysis of the SAFE Banking Act.”. But unfortunately, SAFE, as written, is unlikely to result in equitable access to financial services. 21 Pages Posted: 12 Aug 2022.

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Federal Agencies Provide New Guidance for Hemp Banking

Canna Law Blog

The tides have been rapidly changing for hemp companies to gain access to banking, which has not traditionally been available to hemp companies due to the fact that hemp was (sort of) federally illegal until about a year ago. As of the last few months, that has been changing.

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Industrial Hemp and the Banks: Slow Going

Canna Law Blog

We have spilled a lot of ink on this blog related to the 2018 Farm Bill , which legalized hemp at the federal level. This blog post is going to cover financial institutions and hemp at about 10,000 feet. Going forward, hemp will be subject to stiff regulation at the state and federal levels. It’s huge news. Seems easy, right?

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Article: 5 cannabis banking options — plus 4 alternatives

Cannabis Law Report

Cannabis banking options are still quite limited for marijuana entrepreneurs, despite 36 states legalizing medical marijuana and 17 states permitting recreational adult use, according to the National Conference of State Legislatures. Are there cannabis-friendly banks? Compare 5 cannabis-friendly banks and credit unions.

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Credit Union and Banking Update for Hemp and Marijuana Industries

Greenspoon Marder Cannabis Law Group Blog

Last week, the National Credit Union Administration (NCUA) issued interim guidance stating that federally insured credit unions may provide certain financial services to legally operating hemp businesses. The need for cannabis businesses to have access to banking services continues to gain federal support.

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Article – Cannabis Business Executive: Reflections Across the Pond: Banking Blues for UK Cannabis industry

Cannabis Law Report

Well worth a read if you want to catch up on the state of British banking for cannabis / hemp products… it’s not good! Banks, insurance companies and payment providers are refusing to work with cannabis-related companies throughout the UK, hampering the growth of the industry and leaving many in financial limbo.

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