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FinCEN Reports on Cannabis Banking and the SAFER Act

Veriheal

Many financial institutions seek to be a part of the cannabis banking movement. According to quarterly data presented by the US Treasury Department, over 800 banks and credit unions have filed paperwork with the United States government to state their relations with cannabis businesses. This marks a significant increase from last year.

Banking 114
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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.

Medicine 140
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Mastercard Directives Block Cannabis Purchases on Debit Cards

Veriheal

In a recent controversial move, Mastercard issued a directive to United States banks, ordering them to block cannabis purchases on its debit cards. This new mandate struck a chord because, unlike credit cards, debit cards are linked directly to an individual’s bank account.

Banking 98
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RocketFuel Introduces Crypto Payment Solution for Cannabis Dispensaries and Merchants

Cannabis Law Report

Due to laws at the Federal level restricting the presence of banks within the cannabis sector, merchants and businesses have long struggled to offer convenient payment mechanisms to their shoppers – many of whom are used to paying online but often can’t when it’s a cannabis store.

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RocketFuel Introduces Crypto Payment Solution for Cannabis Dispensaries and Merchants

Cannabis Law Report

Due to laws at the Federal level restricting the presence of banks within the cannabis sector, merchants and businesses have long struggled to offer convenient payment mechanisms to their shoppers – many of whom are used to paying online but often can’t when it’s a cannabis store. .

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Senate Committee Hearing Report – Challenges for Cannabis and Banking

Greenspoon Marder Cannabis Law Group Blog

On Tuesday July 23, 2019, the United States Senate Committee on Banking, Housing, and Urban Affairs hosted a hearing to discuss national safety implications relating to federal regulations that force cannabis businesses to operate on a cash basis. And that puts them and the Americans they do business with at risk. .

Banking 40
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Virpax to Present at the NobleCon Online Pain Management Investor Forum on Channelchek.com on October 7, 2021

Cannabis Law Report

Mack will present an overview of Virpax and take part in a fireside chat moderated by Noble Capital Markets senior equity research analyst, Gregory Aurand at the Pain Management Virtual Investor Forum on Thursday, October 7, 2021 at 9:00 a.m. Eastern time. www.youtube.com/channelchek. About Virpax Pharmaceuticals. About Channelchek.