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Federal policy kills buzz for advertising pot

Cannabis Chronicles

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.

Policy 154
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Article: 5 cannabis banking options — plus 4 alternatives

Cannabis Law Report

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.

Banking 84
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Article – Cannabis Business Executive: Reflections Across the Pond: Banking Blues for UK Cannabis industry

Cannabis Law Report

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.

Banking 59
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BTIG Adds Isaac Boltansky as a Managing Director and New Director of Policy Research

Cannabis Law Report

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.

Policy 52
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SAFE Banking Act passes the US House of Representatives by vote of 321 to 103!

Cannabis Law Report

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.

Banking 55
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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. Authored By: By Dr. Ayoka Nurse.

Policy 105
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CBD and COVID Hype, Amazon’s Support for Legalization, & Girl Scout Cookies at Dispensaries

Veriheal

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.