Remove Article Remove Banking Remove Policy
article thumbnail

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.

Banking 84
article thumbnail

The Rise of Anti-Legalization Efforts

Veriheal

This policy ensured significant penalties and incarceration for possession, cultivation, and trafficking for anyone found guilty in the U.S. Harpers magazine also released an article in 2016 , with clips from an interview with a top Nixon advisor who made a similar admission. .”

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

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.

Banking 59
article thumbnail

House Makes Another Push For SAFE Banking Act

Cannabis Law Report

Congress is making another run at providing a safe harbor to the banking industry and companies that provide services to cannabis businesses. On September 21, 2021, the House voted to include the Secure and Fair Enforcement Banking Act of 2021 (SAFE Banking Act) 1 in the annual National Defense Authorization Act for Fiscal Year 2022 (NDAA).

Banking 52
article thumbnail

South Dakota House says banks could choose to do business with marijuana and hemp licensees – Cannabis Business Executive

SpeedWeed

State representatives gave nearly unanimous support Monday to allowing South Dakota-chartered banks to conduct transactions with businesses that have state licenses for marijuana and industrial hemp. Banks would need to conduct higher scrutiny of marijuana businesses under a federal policy. View original article.

Banking 52
article thumbnail

The Week in Weed: June 5, 2020

The Blunt Truth

The other ensures the state will not prohibit or discourage banks and credit unions from providing financial services to legitimate cannabis businesses. The full United Nations is scheduled to vote on revising cannabis policy in December, assuming that COVID-19 doesn’t delay the vote. united nations. cbd for pets. tax litigation.

Pets 97
article thumbnail

Article: Clarifying Law Around Insurance of Marijuana Act Would Reduce Gaps, Expert Says

Cannabis Law Report

Bob Menendez, D-NJ, promises to do for insurance what the SAFE Act would do for banking. ” The article reveals. He estimates that cannabis businesses in California are paying a ballpark average of 10 to 15 percent higher on rates for some policies due to the lack of options. “It Nydia Velázquez, D-N.Y.,

Law 59