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Congressional Hearing On Marijuana Banking Held

NORML

The House Financial Services subcommittee on Consumer Protection and Financial Institutions held a hearing Wednesday to address the lack of access to basic banking services by state-legal marijuana businesses. You can share the op-ed on Facebook by clicking here and on Twitter by clicking here.

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Canada’s Cannabis Credit Union

Cannabis Life Network

Despite Canadian cannabis legalization, banking for cannabis producers and operators is still a struggle. With seven branches in British Columbia, they’ve won two awards from the Canadian Marketing Association for cannabis advocacy. When you’ve got a cannabis credit union in your corner, nothing seems impossible.

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NORML Resource Guide: Engaging Effective Activism During the COVID-19 Pandemic

NORML

It is more important than ever that essential cannabis retailers have equal access to banking and small business financial assistance. In this guide, NORML highlights various online tools to assist reformers in their advocacy endeavors. Thank you for your continued advocacy and support. Here’s how. The team at NORML.

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Eastern Bankshares, Inc. (“Eastern”) and Needham Bank Enter Into Asset Purchase Agreement For The Transfer of Eastern’s Cannabis Banking Business

Cannabis Law Report

We have spent considerable time reviewing the cannabis banking operation and remain very impressed with how these businesses have been served,” said Bob Rivers, Chief Executive Officer and Chair of the Board of Eastern and Eastern Bank. “We Terms of the transaction, which are not material to Eastern, were not disclosed.

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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.”. Require federal banking regulators to identify best practices to achieve racial equity in financial services. 21 Pages Posted: 12 Aug 2022.

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NORML Canada Launches Post-Legalization Platform on One Year Anniversary of Marijuana Legalization

NORML

NORML Canada launches official Post-Legalization platform to focus advocacy efforts on reforming Canada’s legal Cannabis system. 4) US relations – border & banking. Removal of any unnecessary international banking/travel barriers for legal business and cannabis entrepreneurs. 1) Increased Access.

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US Hemp Roundtable: Financial Regulators Issue New Pro-Hemp Banking Guidance

Cannabis Law Report

Despite the 2018 US Farm Bill clearly permitting financial transactions in the hemp industry, many banks and other financial institutions have been slow to participate, blaming their fear of the risk of federal regulatory crackdowns.

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