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FinCEN Reports on Cannabis Banking and the SAFER Act

Veriheal

The recent surge in the cannabis industry has brought many eyes to witness its potential to grow the American economy. Every day, hundreds and thousands of people walk into cannabis dispensaries in legal states to purchase cannabis. These purchases have contributed to a large growth in the cannabis economy.

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Banks Get Exposed by New York’s Unlicensed Cannabis Dispensaries

Canna Law Blog

Major banks like JPMorgan Chase and Wells Fargo, as well as landlords such as BentallGreenOak and Ashkenazy Acquisition Corp., have found themselves indirectly involved with New York City’s unlicensed cannabis dispensaries, potentially exposing them to legal issues. Signature Bank, Bank of America Corp.,

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Cannabis Banking Today

Canna Law Blog

We are helping build out another cannabis banking program here in Oregon. We have also handled a good bit of hemp banking work – mostly in 2019 and 2020 before that industry cratered. That’s banking. Here is my shorthand: “ Direct Marijuana Business.” Indirect Marijuana Business.”

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House COVID Package Includes Cannabis Banking Relief, But Not Small Business Support

NORML

Included in the language of the bill is HR 1595: The SAFE Banking Act, which amends federal law so that explicitly banks and other financial institutions may work directly with state-legal marijuana businesses. In the majority of states, these cannabis businesses have been deemed essential during this pandemic.

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Cannabis Banking: All Businesses are Marijuana Related Businesses

Canna Law Blog

businesses are marijuana related businesses (MRBs). Guidance on banking and MRBs. I’ve written that in cannabis years, the FinCen Memo is as old as dirt and reads like a relic of a bygone era. But banks don’t really use that. These businesses are lower risk for banks than Tier I. Allow me to explain. That’s wrong.

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Best Seed Banks For Your Marijuana Cultivation Needs

PrestoDoctor

Even with growing marijuana for personal and medicinal reasons has been legalized in many places in the USA it can still be a daunting task to buy marijuana seeds. One option is buying from a local dispensary, but ordering online will give you access to many more options. . I Love Growing Marijuana (ILGM).

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Best Seed Banks For Your Marijuana Cultivation Needs

PrestoDoctor

Even with growing marijuana for personal and medicinal reasons has been legalized in many places in the USA it can still be a daunting task to buy marijuana seeds. One option is buying from a local dispensary, but ordering online will give you access to many more options. . I Love Growing Marijuana (ILGM).

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