Banking Collective DEA 
The Blunt Truth
MAY 15, 2020
The big news this week is that cannabis banking is included in the latest federal relief bill. cannabis banking. Whether the Senate will retain this language, considering that they have taken no action on the SAFE Banking Act, is not certain. SBA funds, however, are not. There’s also lots of state news. ” sba loans.
The Blunt Truth
MARCH 5, 2020
The Department of Agriculture delayed a requirement that the DEA conduct all THC testing on hemp crops. He pleaded guilt y to ingesting marijuana and cocaine. FEDERAL NEWS. So what’s happening on the federal level? The requirement will take effect on October 21, 2021 or upon publication of a final rule, whichever comes first.
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Cannabis Law Report
APRIL 24, 2019
The STATES Act passes in Congress, the President signs it and it becomes law which means that in the states where cannabis is legal : Banking system becomes available to cannabis businesses. The second path would be the administrative action by the Drug Enforcement Agency [“DEA”] and its Diversion Control Division.
Cannabis Law Report
MAY 5, 2022
Fahie and the mother and son Maynard duo are accused of agreeing to facilitate the safe passage through BVI ports of tons of Colombian cocaine headed to Miami, in exchange for millions which would be funneled through different businesses and bank accounts to hide the money’s source.
Cannabis Law Report
JULY 14, 2021
“Closing the door on broadly supported incremental reforms like the SAFE Banking Act while the Senate seeks compromise on farther-reaching bills hurts the possibilities for consensus and ignores the very real needs of small business operators who have repeatedly said that access to banking services and traditional lending is an existential issue.
Cannabis Law Report
SEPTEMBER 1, 2021
3] Further, notwithstanding the determination of the Drug Enforcement Administration (DEA), which is required to defer to the Department of Health and Human Services’ assessment that cannabis has no acceptable medical utility, 37 states and four territories have enacted laws allowing for the medical use of cannabis products. [4]
Otherside Farms
AUGUST 4, 2020
Due to cannabis businesses being considered high risk, banks will often not loan money. The community also offers start-up businesses the opportunity to become a part of a larger collective. Credit Card Processing and Banking. Find a legitimate credit card processor or bank that can support your business.
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