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Pennsylvania Says Yes to Banking for Cannabis Businesses

Veriheal

Banking has been a hurdle for cannabis businesses since the birth of the industry. While the federal SAFE Banking Act —which seeks to provide banking protections for cannabis businesses—continues to hit road bump after road bump in the U.S. The Cole Memo, however, did not require banks to serve cannabis-related companies.

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ABA, State Associations Call for Inclusion of Cannabis Banking Bill in NDAA

Cannabis Law Report

December 2 2021. The American Bankers Association and 51 state bankers associations today urged Senate leadership to include the SAFE Banking Act in the upcoming National Defense Authorization Act. Joint ABA SBA Letter to Senate SAFE Banking Act NDAA 12022021. Joint ABA SBA Letter to Senate SAFE Banking Act NDAA 12022021.

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The Week in Weed: December 10, 2021

The Blunt Truth

It looks like marijuana banking will not be part of the NDAA. marijuana banking. Advocates of allowing the banking industry to serve cannabis businesses have seen many opportunities to enact legislation come and go. Lawmakers introduced a bill to require the FDA to regulate CBD. Although many are disappointed, including Rep.

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The FTC, CBD, Consumer Safety and Refunds

Canna Law Blog

The Department of Treasury –through FinCEN –has slowly opened the door for banks to do business with those in the cannabis industry. CBD consumer safety enforcement. The post The FTC, CBD, Consumer Safety and Refunds appeared first on Harris Bricken Sliwoski LLP. FTC and CBD. ” Specifically, the FTC alleges that: Kushly.

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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.

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New Mexico Credit Union Receives the Nation’s First Financial Institution Certification for Cannabis and Hemp Banking Protocols

Cannabis Law Report

14, 2021 /PRNewswire/ — Today, New Mexico Attorney General Hector Balderas announces that New Mexico -based US Eagle Federal Credit Union is the first financial institution to become certified in the country for outstanding U.S. monetary banking protocols in banking cannabis and hemp operations.

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Manzuri Law – Their Top 10 of 2021 – Cannabis Law News and Soft Predictions for 2022

Cannabis Law Report

This is how Manzuri saw 2021 through the prism of California & Cannabis. This year our office wrote about the various legislative and policy changes – We break down 2021’s highlights below. This year our office wrote about the various legislative and policy changes – We break down 2021’s highlights below. What a year!

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