Veriheal
MAY 16, 2025
Another factor at play for cannabis consumers is that dispensaries are cash-only businesses due to current federal banking laws , eliminating the option to use credit to make their purchases. Oversight and Insurance Access to banking isnt the only thing affecting cannabis business profits.
Connor & Connor PLLC
MAY 12, 2025
Due to the federal status of cannabis, many traditional financing options, such as bank loans, are unavailable to cannabis businesses. Cannabis Research/Testing License: For labs involved in testing cannabis products for safety and quality. Cannabis Courier License: For businesses focused on the delivery of cannabis products.
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Veriheal
APRIL 17, 2025
Groups like SAM claim to work in the interest of public health and safety first and foremost, perhaps to distance themselves from the prejudicial roots of anti-legalization in the past. Youngkin vetoed it based on addiction prevention and public health safety. The organizations current motto is Preventing the Next Big Tobacco.”
Canna Law Blog
JUNE 2, 2025
Many bad actors have pushed products with little regard for compliance or consumer health & safety. We’ve seen this movie before in cannabis banking. Between shifting FDA guidance, banking headaches, inconsistent state rules, and sudden enforcement swings, hemp businesses operate in a thicket of legal uncertainty.
NORML
MAY 19, 2020
Attorneys Generals from 34 states and territories sent a letter today to Congressional leadership urging members to expeditiously pass The Secure and Fair Enforcement (SAFE) Banking Act so that state-licensed cannabis business can explicitly engage in relationships with banks and other financial institutions.
NORML
MARCH 28, 2019
In the first of what is anticipated to be multiple Congressional votes to address the federal prohibition and criminalization of marijuana, the House Financial Services Committee will today voted to advance The SAFE Banking Act, HR 1595 , 45-15. So I would urge all of my colleagues so support H.R.
NORML
MARCH 19, 2019
In the first in what are anticipated to be multiple Congressional hearings to address the federal prohibition and criminalization of marijuana, the House Financial Services Committee has scheduled to convene a markup on The Safe Banking Act, HR 1595 on Tuesday, March 26th. With 97.7% of the U.S. Thirty-three states, Washington, D.C.
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