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House Members Pass Historic Legislation Legitimizing Retail Cannabis Sales

NORML

Members of the House of Representatives voted 321 to 103 in favor, representing 79% of the vote of 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. What’s Next?

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Article – “Stop Dreaming: Cannabis Banking Reform Isn’t Happening in 2020”

Cannabis Law Report

If Nasdaq.com are re-distributing a Motely Fool piece on the state of cannabis banking then we’d suggest it is probably worth heeding what’s being said. In other words, it’d open the door for banks to offer lines of credit, checking and savings accounts, and traditional loans, to U.S. Here’s the piece.

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SAFE Banking Act Refiled on Heels of $17.5 Billion in U.S. Cannabis Sales in 2020

SpeedWeed

in 2020, there were 515 banks and 169 credit unions providing services to cannabis-related businesses at the end of last year, according to Financial Crimes Enforcement Network’s (FinCEN) quarterly cannabis banking update. But those banks are not the “national associations” of the world. Helping motor more than $17.5

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Oregon’s Earl Blumenauer Issues Statement On SAFE Banking Act & Re-Introduction Of States Act

Cannabis Law Report

Since Oregon became the first state to decriminalize cannabis in the 1970’s, I have been working to correct the disconnect between federal cannabis policy and the needs and wishes of the American people. Today, we introduced the bicameral, bipartisan STATES Act, to allow each state to determine its own marijuana policy within its borders.

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Going green: States would get free hand under pot bill

Cannabis Chronicles

The chamber has set a hearing next week on a bill intended to make banking services more widely available for pot companies. Earl Blumenauer, an Oregon Democrat carrying the current bill in the House, said voters have “elected the most pro-cannabis Congress in American history.”. However, Rep.

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Paper: Racial Capitalism and the African American Experience Entering the Cannabis Industry By Dr. Ayoka Nurse

Cannabis Law Report

The current public policies in local and state cannabis ordinance and equity programs may enhance racial disparities if they follow the pattern of exclusion and criminalization that encompass past policies promoted as beneficial to African Americans but uphold racial capitalistic practices. Background of Study. Purpose of the Study.

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Weekly Legislative Roundup 1/18/20

NORML

The US House Energy and Commerce Subcommittee on Health will hold a legislative hearing entitled “Cannabis Policies for the New Decade.” ” This marks the first time that members of the Energy and Commerce Committee will hear and debate issues specific to marijuana policy reform. CO resident? NJ resident? New Mexico.