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US Treasury Asks White House To Approve Plan On Collecting Cannabis Business Banking Data

Cannabis Law Report

Treasury Department has formally sent the White House its proposal to start collecting data on marijuana businesses from banks—alongside industries it already tracks like liquor stores, convenience stores, casinos and car dealers—as part of its ongoing efforts to combat money laundering activities. Read the detail at.

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US Treasury Department To Start Collating Cannabis Business Data To Help Combat Money Laundering

Cannabis Law Report

Treasury Department is proposing to start collecting data on marijuana businesses from banks—alongside industries it already tracks like liquor stores, convenience stores, casinos and car dealers—as part of its ongoing efforts to combat money laundering activities. Marijuana Moment reports. Read full report.

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California Cannabis Safe Harbor Banking Bill Advances

Cannabis Law Report

Banks and accountants wouldn’t be committing crimes under California law by providing services to cannabis clients under a bill that passed the state Assembly 60-1 on Monday. The measure, Assembly Bill 1525 , would help cities and counties collect taxes. Bloomberg reports.

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Cannabis and banking vets launch credit card for dispensaries

Cannabis Law Report

Since the United States classifies cannabis as a Title IV drug, the banking industry is unwilling and unable to provide services to cannabis operations. Retailers can reduce the amount of money on-site, and collect more data about their customers who are no longer cash transactions. Tsang has a long history in the banking world.

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The Week in Weed: March 13, 2020

The Blunt Truth

The report did not set out a timeline for usage guidelines, citing the need for more data. As for banking, banking associations around the country sent a letter to Sen. Sherrod Brown (D-OH), asking that the Senate Banking Committee vote on a cannabis banking bill. FEDERAL NEWS. Mike Crapo (R-ID) and Sen.

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WSU researchers team with Puyallup tribe on medicinal cannabis research

Cannabis Chronicles

The partnership will allow researchers at the university to gather data that can be used to develop treatment strategies based on strain, the effectiveness of cannabidiol in treating pain and other disorders and the method of delivery, be it smoked or ingested, McDonell said. The tribe is scheduled to fund the research project for a year.

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

SpeedWeed

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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