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Much the way banks are unwilling to finance cannabis startups, television networks and online advertising marketplaces are understandably cautious because the Feds still classify marijuana as a Schedule 1 drug alongside heroin and ecstasy. Facebook, which like Google prohibits marijuana ads, has kicked some weed sellers off Instagram.
Cannabis banking options are still quite limited for marijuana entrepreneurs, despite 36 states legalizing medical marijuana and 17 states permitting recreational adult use, according to the National Conference of State Legislatures. Are there cannabis-friendly banks? Compare 5 cannabis-friendly banks and credit unions.
Well worth a read if you want to catch up on the state of British banking for cannabis / hemp products… it’s not good! Banks, insurance companies and payment providers are refusing to work with cannabis-related companies throughout the UK, hampering the growth of the industry and leaving many in financial limbo.
Government Policy Analyst to Specialize in Insights from the Intersection of Washington and Wall Street. NEW YORK–(BUSINESS WIRE)– BTIG announced today that the firm has hired Isaac Boltansky as a Managing Director and the Director of Policy Research.
House of Representatives approved the Secure and Fair Enforcement (SAFE) Banking Act 321-103. It is the first standalone cannabis policy reform bill to ever reach a House floor vote. Neal Levine of the Cannabis Trade Federation states … The bipartisan SAFE Banking Act ( H.R.1595 ” From other media.
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. Authored By: By Dr. Ayoka Nurse.
Despite Social Media Buzz, Researchers Say CBD COVID Cure Not Yet a Reality. Lost in the media frenzy, however, was the fact that this finding wasn’t an end-all-be-all. Further, the Oregon State study responsible for the social media bonanza used 98% pure CBD, which is nearly impossible to find on the commercial market.
With Nevada NORML’s Virtual Lobby Day, volunteers will be utilizing a variety of communication mediums, from letter writing campaigns to phone banking and social media, to contact their representatives to demonstrate support for these federal bills. ” said Nevada NORML Director Madisen Saglibene.
Your cannabis business is also not allowed to bank, which means no access to loans or other financial opportunities. Another option that many people find appealing is advertising online and on social media. Cannabis is usually prohibited from being advertised on social media altogether because social media is regulated by federal law.
The banks actions will mean somebody at the FDIC will have to make some serious decisions that could lead to a number of ramifications for the cannabis sector not only in CA but also nationwide. A small California bank’s merger application could force the FDIC to take a firmer stand on marijuana banking.
With Nevada NORML’s Virtual Lobby Day, volunteers will be utilizing a variety of communication mediums, from letter writing campaigns to phone banking and social media, to contact their representatives to demonstrate support for these federal bills. ” said Nevada NORML Director Madisen Saglibene.
This only reaffirmed that social justice needs to be a priority when discussing marijuana policy in this community. to engage their lawmakers in marijuana policy reform. What a relief that Sessions’ is finally gone and we can start to progress Marijuana policy at the federal level. July 2018: Lobby Day in DC. Growing our squad.
We put out requests on social media and reached out to Public Relations professionals to see who identified with the community and consented to be included. Seattle resident JJ McKay is the founder/ publisher of The Fresh Toast , one of the largest media content consumer-facing cannabis media companies in the US and Canada.
SOCIAL MEDIA: The measurable growth? On September 10, 2018, Katerina Eva Matsa and Elisha Shearer published a Pew Research Center viewpoint on use of social media News Use Across Social Media Platforms 2018. SOCIAL MEDIA: The setbacks? BANKING: The growth? In Who’s Now Lobbying on the SAFE Banking Act?
NORML Leaders in the Media. “Because marijuana is still illegal under federal statutes, many banks are reluctant to offer loans for a medical marijuana business, though it’s possible to get loans from private individuals.” is in the media.” ” Read more from News Leader !
“My diverse career path has allowed me to work across several high-caliber companies, generating development growth in some of the most sophisticated and competitive markets within cannabis, real estate, and investment banking,” said Minor. Media Contact: Charlie Rohlfs. For further inquiries, please contact: General.
The membership subsequently met with the USDA’s new Hemp Work Group, and White House officials that serve the President on agriculture and drug control policy. Senators) who joined the group in a spirited, interactive discussion on hemp public policy. The national media took notice of some of the highlights: Rep. By Kyle Jaeger.
Cannabis businesses struggle to obtain and maintain banking while facing the dangers of having major cash on hand. Due to cannabis’ status as an illicit substance in the United States , many banks don’t want to run the risk of accepting weed dollars and facing extreme penalties or even closure. The cost of banking in cannabis.
Cannabis, however, adds another complicating factor to this dynamic – years of outdated policies stemming from the war on drugs have disproportionately impacted communities of color. The post Vicaa Launches Website Offering Range of High-Quality Growing Media for Medical Cannabis appeared first on SpeedWeed.
All those have now gone and with them our ability to meet our overheads which keep our website and social media accounts running and pay some travelling and campaign expenses, the rest of which have to be met personally by the people involved. We have no explanation for either of these problems.
For most of his playing career, the adoration Iverson received from fans was countered by stark disapproval from corporate interests in the media and the NBA. Though media gatekeepers of the 1990s definitely tried, no one could keep a lid on Allen Iverson’s talent. Viola and the Iverson Collection. Calvin Stovall.
That issue has been compounded recently by social media restrictions that have emerged and hindered the way that weed shops communicate with their customers. The policy remains true regardless of whether the page is coming from a state where the plant is legal or not. Limited advertising has always been one of them.
Every city, town, and municipality in the country has its own unique set of policies. Understanding the policy ecosystem is critical to how you will conduct operations, apply for a license, and of course, where you open your business. . Some progress has been made with the SAFE Banking Act , however, more work needs to be done.
Trusted and well-established online cannabis seeds stores that you can count on for all of your cannabis seeds collecting needs, are regularly monitored by social media communities like GrassCity, Facebook , Best Seed Bank and Rollitup , Always check with these communities before engaging with a supplier.
“In order to pass the Senate, you’re going to need to get 10 Republicans on board with a descheduling bill without alienating Democrats, and I think that can be pretty tricky,” said Morgan Fox, Director of Media Relations for the National Cannabis Industry Association in a phone interview. Last month, Rep. Introduced in the House by Rep.
“In order to pass the Senate, you’re going to need to get 10 Republicans on board with a descheduling bill without alienating Democrats, and I think that can be pretty tricky,” said Morgan Fox, Director of Media Relations for the National Cannabis Industry Association in a phone interview. Last month, Rep. Introduced in the House by Rep.
Now if you’ll excuse me, I’m gonna call my bank account and tell her how good she has it. They co-host Leafly’s podcast The Roll-up, manage the site’s social media presence, and host Seattle’s Moth StorySLAM. Hell, you could even check Leafly for deals near you. Stay lifted, Biebs! Alyssa Yeoman. View original article.
Despite operating in the public sphere for the better part of a decade, cryptocurrencies are still viewed as a fringe financial tool by the mainstream media, public, and financial institutions. Securities and Exchange Commission has a hands-off policy with regards to cryptocurrency exchanges. . Part of this is practical.
For those shareholders of Supreme whose Supreme Shares are registered in the name of a broker, investment dealer, bank, trust company, trust or other intermediary or nominee, they should contact such nominee for assistance in depositing their Supreme Shares and should follow the instructions of such intermediary or nominee.
At a recent cannabis conference in London hosted by the investment bank Bryan, Garnier & Co, British delegates were mildly optimistic the slow-motion car crash that is Brexit could force the UK’s hand as it seeks to encourage new industries. Cause for optimism. Labour’s blind spot.
And they do bring a network and a certain expertise in media and entertainment, which is highly relevant, not from a licensing standpoint necessarily, but more from the challenge that I think every company, whether it’s CPG or otherwise, faces today which is: How do you reach your consumers? I think that’s sensationalized media.
There is a note of caution, however, as Dora said she was not a fan of the “unrestricted liberalisation” policy implemented in some US states, and she would rather not see the coffee shop approach of Amsterdam brought to the land of alphorns and cheese. We must under no circumstances trivialise or propagate consumption,” she told local media.
It offers vetted data, actionable business intelligence and risk management solutions for investors, operators, researchers and policy makers interested in the cannabis space worldwide. New Frontier Data’s reports and data have been cited in over 80 countries and drive over 15 billion in media reach across the world.
House Committee to Vote on Cannabis Banking Bill Next Week. “This policy will stifle the illicit market,” Manni said. Arkansas marijuana entrepreneurs took note as the state Senate passed two bills aimed at restricting medical cannabis’ desirability to children by limiting certain edibles and restricting MMJ advertising.
Media Relations Usha Iyer. The company assumes no obligation to update any information contained herein. . 1 Source: INSIGHT Health – Green Line NPI (Sell in/Pharmacy purchase). Investor Relations Amit Agarwal. Amita@drreddys.Com. Ushaiyer@drreddys.Com.
And they do bring a network and a certain expertise in media and entertainment, which is highly relevant, not from a licensing standpoint necessarily, but more from the challenge that I think every company, whether it’s CPG or otherwise, faces today which is: How do you reach your consumers? I think that’s sensationalized media.
And they do bring a network and a certain expertise in media and entertainment, which is highly relevant, not from a licensing standpoint necessarily, but more from the challenge that I think every company, whether it’s CPG or otherwise, faces today which is: How do you reach your consumers? I think that’s sensationalized media.
And even those who don’t consume have probably run into a cannabis headline in their mainstream media. Banks (by far the largest source of debt) are currently sidelined from use in the cannabis industry, which means there are hardly any small business loans available for cannabis entrepreneurs. Invest with Good Tree Capital.
Though many business owners may find banking to be a headache regardless of industry, few business owners have more hurdles to deal with than cannabis growers and dispensaries. The current state of cannabis banking can have a significant impact on where cannabis business owners keep their money and whether they obtain cannabis loans.
In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Tony Repanich, President and Chief Operating Officer of Shield Compliance , a comprehensive compliance management platform for banking cannabis-related businesses. I spent 25 years in community banking and I loved it. So what was that like for you?
Late January, 2020 the first King of Hemp Store TM had a soft launch in Kingman, Arizona with a grand opening, red ribbon, lots of media coverage planned for early March 2020. Between the Hemp University, the hemp processing center and Bruce Perlowin himself, the Company has created an enormous amount of media coverage.
Despite a busy year on the state level and multiple bills announced and introduced into Congress, not much legislative progress has been made on federal cannabis policy in 2021. . Could the acceptance of standalone banking regulations sap momentum for full scale reform? Reconciling standalone banking with descheduling .
We’ve had a lot of great businesses get pretty far through the process before realizing that such and such bank still held a note on the building and such and such bank wasn’t willing to go down that road. I just, like, I’m not, I don’t know what the policy is behind that but don’t do it. So that’s us, Purple Line Media.
We are examining each candidate’s historic approach to marijuana law and policy, and also canvas each politician’s current stances on marijuana. Sanders has frequently voiced his pro-legalization stance in interviews and on social media. Last week, we covered Joe Biden.
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