Remove Access Remove Banking Remove Dispensary Remove Marijuana
article thumbnail

FinCEN Reports on Cannabis Banking and the SAFER Act

Veriheal

Every day, hundreds and thousands of people walk into cannabis dispensaries in legal states to purchase cannabis. Many financial institutions seek to be a part of the cannabis banking movement. In the past year, 553 banks and 202 credit unions provided their services to cannabis-related businesses. However, change is coming.

Banking 108
article thumbnail

House COVID Package Includes Cannabis Banking Relief, But Not Small Business Support

NORML

Included in the language of the bill is HR 1595: The SAFE Banking Act, which amends federal law so that explicitly banks and other financial institutions may work directly with state-legal marijuana businesses. Members of the House of Representatives voted 321 to 103 in favor of the Act in September.

Packaging 285
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

New Marijuana Bill Heads to Senate Floor

Medical Marijuana Program Connection

… changes to the regulation of marijuana-related transactions. Transactions made at … resolve these issues by allowing marijuana dispensaries access to traditional banking … process. Read More

Banking 103
article thumbnail

U.S. Banks Pushing for Access to Legal Marijuana Industry

WeedAdvisor

Banks Pushing for Access to Legal Marijuana Industry. In yet another unprecedented leap forward, United States banks are asking Congress to protect them from federal prosecution over dealing with legal marijuana businesses, according to U.S. This creates a problem for banks. do not have. Final Thoughts.

Banking 40
article thumbnail

Understanding Medical Marijuana Laws in California

MMJ Recs

California state has been at the forefront of progressive cannabis legislation, particularly when it comes to medical marijuana. Per California law, patients must meet a set of certain requirements to become eligible to obtain and use marijuana legally with a doctor’s recommendation.

Law 52
article thumbnail

Best Seed Banks For Your Marijuana Cultivation Needs

PrestoDoctor

Even with growing marijuana for personal and medicinal reasons has been legalized in many places in the USA it can still be a daunting task to buy marijuana seeds. One option is buying from a local dispensary, but ordering online will give you access to many more options. . I Love Growing Marijuana (ILGM).

Banking 52
article thumbnail

Best Seed Banks For Your Marijuana Cultivation Needs

PrestoDoctor

Even with growing marijuana for personal and medicinal reasons has been legalized in many places in the USA it can still be a daunting task to buy marijuana seeds. One option is buying from a local dispensary, but ordering online will give you access to many more options. . I Love Growing Marijuana (ILGM).

Banking 52