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Duane Morris – Mondaq Article: United States: SAFE Banking Act Passes The House – Cannabis Banking May Soon Be Reality Last Updated: October 23 2019

Cannabis Law Report

Article by Joseph J. The public safety concerns resulting from the dearth of cannabis banking has led dozens of state Attorneys General, the American Banking Association, and numerous other voices to urge the passage of legislation like the SAFE Banking Act so that the U.S. Pangaro , Justin M. Stern , David E.

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South Dakota May Let Banks Choose Whether To Work with Cannabis

SpeedWeed

While South Dakota is still stalled when it comes to making legal cannabis a reality within state borders, the state is already working on legislation that allows banks to decide whether or not to do business with the legal cannabis and hemp industry. . View original article. However, it could also have the opposite effect.

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The State of Cannabis Banking at a Pivotal Moment in the Industry: Q&A with Safe Harbor Services’ Amanda McComb

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The SAFE Banking Act is back in Congress, and political momentum is swinging in favor of the cannabis industry’s need to normalize its relations with financial institutions. Here, we spoke with Safe Harbor Services Vice President Amanda McComb about some of the recent trends and changes that she’s seen in banking the cannabis industry.

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The Year in Weed: 2019 Edition

The Blunt Truth

In February, we saw the first ever Congressional hearing on cannabis banking. On the federal level, however, the SAFE Banking Act was approved by the House Financial Services Committee (45-15). History was made in June, when the state of Illinois legalized cannabis as of January 1, 2020. In March, no news was big news.

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Paper: Racial Capitalism and the African American Experience Entering the Cannabis Industry By Dr. Ayoka Nurse

Cannabis Law Report

From the systemic history of racism in the United States, African Americans exclusion from economic opportunities leads to maximizing profits for the White elite (Hirschman, 2019). The color of money, black banks and the racial wealth gap (1st ed). Before the civil war, there were more cannabis farms than cotton farms (Green, 2005).

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How to get funding for a cannabis business

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This article is the fifth in a series called, “So you want to start a canna biz?” This article focuses on getting money to start your cannabis business. We’ll continue to focus on how new or existing cannabis businesses should think about raising debt or equity or both, and return to profitable businesses at the end of this article.

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Two States Stick the Landing on Cannabis Legalization: Week in Review

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The SAFE Banking Act is back in Congress, and political momentum is swinging in favor of the cannabis industry’s need to normalize its relations with financial institutions. Here, we spoke with Safe Harbor Services Vice President Amanda McComb about some of the recent trends and changes that she’s seen in banking the cannabis industry.

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