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Senate Coalition Urges SBA to Support Small Cannabis Businesses

NORML

The Senators write: Over the last decade, there has been a clear shift in public opinion toward supporting the legalization of cannabis in the United States. States collected an estimated $1.3 billion in tax revenue from legal cannabis sales in 2018.

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Can Cannabis Businesses Be Insured?

Veriheal

As the fight for legalization continues across the nation, more and more entrepreneurs are jumping for a spot in the flourishing industry. Current statistics from the Anthenum Collective show that more than 67% of Americans believe cannabis should be legal, and legal cannabis sales are expected to achieve a value of $73.6

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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

Ohio State Legal Studies Research Paper No. 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. Ohio State Legal Studies Research Paper No.

Banking 98
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IRS could collect taxes from cannabis firms if they used big banks, Yellen says

Cannabis Law Report

Treasury Secretary Janet Yellen said she supports allowing legal cannabis dispensaries to access the US banking system — where they’re now largely barred — to make it easier for the government to collect tax revenue. Yes, of course it would,” the Treasury secretary replied.

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ABA survey says majority of Americans support SAFE banking for hemp and cannabis businesses

Cannabis Law Report

consumers support all legal cannabis businesses — including hemp and CBD — having access to banking services. 65% support allowing cannabis businesses to access banking services (e.g. checking accounts, business loans) in states where cannabis is legal.

Banking 52
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Attorneys General Push for Marijuana Banking Reform

NORML

Attorneys Generals from 34 states and territories sent a letter today to Congressional leadership urging members to expeditiously pass The Secure and Fair Enforcement (SAFE) Banking Act so that state-licensed cannabis business can explicitly engage in relationships with banks and other financial institutions.

Banking 363
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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.”. Ohio State Legal Studies Research Paper No. But unfortunately, SAFE, as written, is unlikely to result in equitable access to financial services.

Banking 52