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House COVID Package Includes Cannabis Banking Relief, But Not Small Business Support

NORML

Included in the language of the bill is HR 1595: The SAFE Banking Act, which amends federal law so that explicitly banks and other financial institutions may work directly with state-legal marijuana businesses. Reform advocates , including NORML, had lobbied leadership to include banking reform in the latest COVID relief measure.

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FinCEN Reports on Cannabis Banking and the SAFER Act

Veriheal

Every day, hundreds and thousands of people walk into cannabis dispensaries in legal states to purchase cannabis. Many financial institutions seek to be a part of the cannabis banking movement. In the past year, 553 banks and 202 credit unions provided their services to cannabis-related businesses. However, change is coming.

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Dispensary Spotlight: Verilife North Aurora

Illinois News Joint

And check our Dispensary Directory for more information. Verilife dispensaries provide access to a diverse selection of quality cannabis products,” a Verilife spokesperson said. Verilife North Aurora also works with the Weldon Project for Cannabis Reform and Illinois Food Banks. For other Dispensary Spotlights, visit here.

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Dank of Oklahoma drops name after trademark infringement lawsuit from Bank of Oklahoma

Cannabis Law Report

March 13 2020 Tulsa world reported… A Tulsa-area dispensary faces a federal lawsuit from Bank of Oklahoma alleging trademark infringement. In a Wednesday filing in … Read More.

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Green Rose Harwood Heights dispensary opens

Illinois News Joint

Green Rose opened its third dispensary in the Chicago area Saturday, Aug. Green Rose Harwood Heights has a ready-to-go drive-thru window and will be prepared to become one of the first dispensaries to offer a drive-thru service as soon as Illinois changes the law to allow for it. For Dispensary Spotlight Features, visit here.

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Dispensary Spotlight: Verilife Rosemont

Illinois News Joint

Verilife Rosemont is located at 5540 Park Place in Rosemont, Illinois, in the Parkway Bank Park Entertainment district. And check our Dispensary Directory for more information. Verilife dispensaries provide access to a diverse selection of quality cannabis products,” a Verilife spokesperson said. Hours of operation are 8 a.m.-10

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Study: Cannabis Retailers Associated with Drop in Localized Crime

NORML

A pair of senior economists affiliated with the Federal Reserve Bank of Philadelphia assessed the local effects of retail dispensaries on neighborhood crime in Denver, Colorado. ” The majority of crime reduction is due to a decrease in non-violent criminal activity.

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