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Pennsylvania Says Yes to Banking for Cannabis Businesses

Veriheal

Banking has been a hurdle for cannabis businesses since the birth of the industry. While the federal SAFE Banking Act —which seeks to provide banking protections for cannabis businesses—continues to hit road bump after road bump in the U.S. The Cole Memo, however, did not require banks to serve cannabis-related companies.

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Understanding Medical Marijuana Laws in California

MMJ Recs

Per California law, patients must meet a set of certain requirements to become eligible to obtain and use marijuana legally with a doctor’s recommendation. However, recreational use has also recently been legalized in California but it remains illegal under federal law.

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Colorado’s Polis Administration Unveils ‘Roadmap to Cannabis Banking & Financial Services’

Cannabis Law Report

The “Roadmap to Cannabis Banking & Financial Services”, aims to increase the number of financial service providers in Colorado who serve the state’s legal marijuana and industrial hemp industries. Unbanked cannabis businesses often operate solely in cash, creating a significant risk to public safety,” said Treasurer Dave Young. ”By

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New Mexico Credit Union Receives the Nation’s First Financial Institution Certification for Cannabis and Hemp Banking Protocols

Cannabis Law Report

monetary banking protocols in banking cannabis and hemp operations. This honor is part of a financial services certification program overseen by the Policy Center for Public Health & Safety (PH&S) in collaboration with state attorneys general. ALBUQUERQUE, N.M. , Dec. Department of Treasury and FinCEN.

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CCIA Calls For Help Supporting The SAFE Banking Act

MassRoots

The California Cannabis Industry Association (CCIA) is calling for cannabis businesses to join them in imploring Speaker Pelosi to prioritize the Secure and Fair Enforcement Banking Act (SAFE Banking Act). What is the SAFE Banking Act? CCIA and The Liaison Group have been working tirelessly behind the scenes on SAFE Banking.

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Cannabis Banking: State Treasurers Ask Congress to Include SAFE Act in COVID-19 Relief Legislation

Canna Law Blog

On Wednesday, July 8, 2020, a bipartisan group of sixteen state treasurers, led by Oregon Treasurer Tobias Read, sent a letter to congressional leaders requesting that the next piece of COVID-19 relief legislation include the SAFE Banking Act.

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21 State Attorneys General Urge Congress Protect State Marijuana Programs From Federal Interference

Cannabis Law Report

21 State Attorneys General Urge Congress Protect State Marijuana Programs From Federal Interference. 21 State Attorneys General Urge Congress Protect State Marijuana Programs From Federal Interference. AG Racine Leads Bipartisan Coalition of 21 States In Urging Congress To Pass Cannabis Banking Bill. The Full Letter.