Banking Bill Cannabis Industry: Page 9

Marijuana Producers to Congress: Let Us Have Bank Accounts

Rep. Ed Perlmutter has labored for six years to let financial institutions handle money from cannabis businesses.

California Senate Passes Legislation to Create State-Chartered Cannabis Banks

The California Senate approved legislation to create state-chartered cannabis banks.

Marijuana Legalization Goes Mainstream With First-Ever Forum in Capitol Complex

Ohio Republican Rep. David Joyce said it was significant because people still have “the wrong idea” about the industry.

When Bankruptcy is Not an Option, What Relief is Available for a Down-and-Out Cannabis Business?

Much like the banking system and IRS Code 280E, debt relief presents unique challenges to the cannabis industry.

HARDCAR Announces Legal Banking Options for Cannabis, CBD and Hemp Businesses Across the Entire United States

The company announced that it can now transport and bank any amount of cash for any company in the United States.

California Lawmakers Consider Bill to Create State-Chartered Cannabis Banks

A previous attempt to pass similar state legislation failed last year.

38 Attorneys General Ask Congress to Bring Marijuana Money Into Banking System

Federal law still considers marijuana illegal, which exposes banks to legal risk if they handle weed-related money or transactions.

End Notes

Quotes you should note.

Dem Says Marijuana Banking Bill Will Get House Vote This Spring

Rep. Earl Blumenauer said that the House will vote later this spring on legislation allowing banks to work with marijuana businesses in certain states.

West Virginia Seeks Financial Institution to Handle Medical Marijuana Money

State lawmakers passed a bill earlier this year to allow financial organizations, like credit unions, to bid for the job.

Cannabis Banking Bill Reintroduced in U.S. Senate, Canopy Growth Corp. to Buy Acreage Holdings: Week in Review

Sens. Jeff Merkley and Cory Gardner have reintroduced the SAFE Banking Act, while the House companion bill gains momentum.

SAFE Banking Act Reintroduced in U.S. Senate

The legislation would protect financial institutions that work with state-legal cannabis businesses from federal prosecution.

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