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Banking for Cannabis Growers

Canna Law Blog

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.

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Cannabis Banking Today

Canna Law Blog

We are helping build out another cannabis banking program here in Oregon. We have also handled a good bit of hemp banking work – mostly in 2019 and 2020 before that industry cratered. That’s banking. Cannabis dispensaries, cultivators, processors and testing facilities all fall under this definition.

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Unique Banking Challenges MSOs Encounter

Cannabis Law Report

While the rules and regulations vary from state to state, that has not limited some dispensaries from opening locations in several regions. These multi state operators (MSOs) need to take the specific requirements of each state into account in every aspect of their business, from product types offered to how they bank.

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Sour Diesel Group to host 420 Illinois Festival

Illinois News Joint

The Sour Diesel Group provides “a wide range of services, including licensing, build plan, cannabis dispensary planning, state and local compliance, regulatory, inventory management, POS, website, E-commerce, security, payroll, employee training, vendor relations, cannabis license acquisition, sale, monthly audits, and P&L analysis.”

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4 Things to Consider When Opening a Marijuana Dispensary

Cannabis Law Report

Dispensaries are becoming more common and this is good news for anyone who is thinking about going into the marijuana business, but for the U.S. So if you’re thinking about jumping on this trend and starting a marijuana dispensary, here are some of the things you need to consider first. states started to legalize it. economy as well.

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SAFE Banking Act Picking Up Steam in Republican- Controlled Senate

WeedAdvisor

Things are looking good for state medical and recreational dispensaries as a game-changing bill gains support in the U.S. According to Forbes , one third of the Senate now supports the SAFE Banking Act, a bill that would provide dispensaries access to critical financial services. Skipping Ahead. .

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Democratic Senator Chuck Schumer Feels SAFE Banking Act is Not Enough

WeedAdvisor

With cannabis reform sweeping across the country, measures life the SAFE Banking Act are welcome by many financial institutions and members of the cannabis industry. This will certainly open up a world of opportunity, safety and convenience to beleaguered dispensaries everywhere. This leaves the SAFE Banking Act standing on its own.

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