Remove 2021 Remove Banking Remove Policy
article thumbnail

Psilocybin Alpha Publish Their “Psychedelic Drug Policy Reform in 2021 A Year in Review”

Cannabis Law Report

W hile this Review focuses on 2021, it’s difficult to contextualise the levels of psychedelic drug policy reform witnessed this year without appreciating the gravitas of events in late 2020. Beyond progress updates on these two landmark initiatives, 2021 saw a flurry of policy reform efforts across the world.

Policy 52
article thumbnail

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 110
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

House Makes Another Push For SAFE Banking Act

Cannabis Law Report

02 December 2021. Congress is making another run at providing a safe harbor to the banking industry and companies that provide services to cannabis businesses. Members of Congress have introduced the SAFE Banking Act or similar legislation in prior Congresses. by Evelina J. Norwinski , Kevin Toomey , David J.M.

Banking 52
article thumbnail

Maine Has Lost Over a Thousand Cannabis Caregivers Since 2021

Veriheal

In April 2023, Maine’s Office of Cannabis Policy (OCP) reported an exodus of about 1350 cannabis primary caregivers from the state’s medical marijuana market between 2021 to January 2023. Business costs, banking regulations/fees, and competition with the adult-use market followed in succession. said utility cost.

article thumbnail

The Week in Weed: March 19, 2021

The Blunt Truth

Will the SAFE Banking Act finally have its day in the Senate? Could 2021 be another year of “close but no cigar” for New York cannabis? The SAFE Banking Act returns for another shot at enactment. Ed Perlmutter (D-CO) is the sponsor, hoping it will succeed in 2021, where it failed in 2020. and finally.

Banking 77
article thumbnail

Cato Institute “Cannabis Banking: A Clash Between Federal and State Laws”

Cannabis Law Report

Congress should either legalize cannabis or stop deputizing banks as drug enforcement investigators. Although 18 states have fully legalized, cannabis is still a sticky issue for banks and other financial institutions because it remains illegal at the federal level. The State of Banking. economy: the financial system.

Banking 52
article thumbnail

Merkley & Daines Urge Chair of Senate Banking, Housing, and Urban Affairs Committee To Act On SAFE

Cannabis Law Report

Here’s their letter to the Chair and Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee. Thursday, June 17, 2021. The inability of these state-legal entities to bank their significant cash reserves is an issue of public safety. Washington, D.C. Oregon’s U.S. Senator Jeff Merkley and U.S.

Banking 66