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Article: Initiating a Hemp Banking Program

Cannabis Law Report

Here’s the introduction to a piece written by Jessica Caballero, CRCM, CERP for the ABA Banking Journal Industrial hemp is… Read More. The post Article: Initiating a Hemp Banking Program first appeared on Cannabis Law Report.

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The Rise of Anti-Legalization Efforts

Veriheal

Interestingly enough, the New York Times released an article in September of 2024, whereby a 1973 audio recording was unearthed of Nixon declaring he knew cannabis is not particularly dangerous, despite affecting millions of lives and families due to his policies ever since.

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The Week in Weed: March 29, 2019

The Blunt Truth

Connecticut has voted a legalization bill out of a House committee; a bi-partisan group of Alabama legislators is sponsoring a medical cannabis bill and North Dakota is making progress on expanding its quite restrictive medical marijuana program. And in West Virginia , the governor has signed a medical marijuana banking bill.

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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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Michigan Cracks Down on Cannabis Banking Through Credit Unions

SpeedWeed

Cannabis and Banking. banks and credit unions are reluctant to work with cannabis businesses because of concerns surrounding the federal illegality of cannabis. often scares away financial institutions, forcing the cannabis industry to either be sneaky about how they do their banking or deal mostly in dangerous amounts of cash. .

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Article: Recap: Senate Committee Holds Hearing on Cannabis Banking

Cannabis Law Report

Eleven states have allowed for legal adult and medicinal use of cannabis in a regulated program. Twenty-three states have a comprehensive medical marijuana program. With this federal classification, the cannabis industry is isolated from banking and, in many cases, reduced to a cash-only venture.

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