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Home » Cannabis Banking » Page 10

Cannabis Banking

Cannabis banking included in U.S. House-approved defense bill

By Liz Carey   |   July 14, 2022   |   Cannabis Banking

The Secure and Fair Enforcement (SAFE) Banking Act, legislation that would ensure cannabis businesses have access to banking services, was approved on Thursday by the U.S. House of Representatives aft...

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California Department of Cannabis Control recognizes one year as a department

By Douglas Clark   |   July 14, 2022   |   Cannabis Banking

The California Department of Cannabis Control (DCC) recently celebrated its first year as a department, focusing on establishing a safe, sustainable, and equitable cannabis market. “I’m incre...

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Colorado selects Cannabis Business Pilot Grant participants

By Douglas Clark   |   July 12, 2022   |   Cannabis Banking

Colorado state officials have selected 16 businesses to participate in the Cannabis Business Office’s Cannabis Business Pilot Grant program. “Our nation-leading work promoting equity and suppor...

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New Jersey medicinal cannabis sales tax eliminated

By Douglas Clark   |   July 11, 2022   |   Cannabis Banking

New Jersey state officials are espousing the benefits of eliminating state sales tax for residents enrolled in the state’s Medicinal Cannabis Program. “Removing state sales tax on medicinal can...

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Senators advocate for cannabis descheduling, non-violent offender pardons

By Douglas Clark   |   July 8, 2022   |   Cannabis Banking

A group of lawmakers have forwarded correspondence advocating the Biden administration deschedule cannabis and pardon non-violent cannabis-related offenders. U.S. Sens. Elizabeth Warren (D-MA), Be...

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University of New Haven, cannabis education company collaborate on industry online certificates

By Douglas Clark   |   July 7, 2022   |   Cannabis Banking

The University of New Haven and California-based cannabis education company Green Flower are touting new online certificate programs to focus on cannabis industry opportunities. "This is a unique ...

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Oregon cannabis panel advocates for access to industry banking services

By Douglas Clark   |   July 6, 2022   |   Cannabis Banking

The Oregon Liquor and Cannabis Commission (OLCC) is imploring the state's congressional delegation to aid in the removal of federal barriers preventing legal cannabis businesses from obtaining access ...

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Rep. Lee commends House committee advancement of cannabis amendment

By Douglas Clark   |   June 30, 2022   |   Cannabis Banking

U.S. Rep. Barbara Lee (D-CA) is commending the House of Representatives Committee on Appropriations action advancing an amendment protecting legal cannabis programs. The committee's advancement of ...

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State attorneys general urge Congress to prohibit copycat-brand cannabis edibles

By Dave Kovaleski   |   June 24, 2022   |   Cannabis Banking

A group of state attorneys general, including California Attorney General Rob Bonta, are urging Congress to enact legislation allowing food and candy makers to enforce their trademarks against copycat...

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Rep. Joyce champions effort to protect the rights of tribes to use cannabis

By Dave Kovaleski   |   June 23, 2022   |   Cannabis Banking

Legislation to fund the U.S. Department of the Interior and other related agencies for Fiscal Year 2023 includes language to protect the rights of Tribes that have authorized the use, distribution, po...

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Cannabis Banking

  • Bill to provide cannabis businesses with banking services introduced in House
  • Pennsylvania AG among coalition urging Congress to pass cannabis banking bill
  • New York State hits $1B in cannabis retail sales
  • AICPA makes recommendations to IRS on cannabis businesses in advance of marijuana reclassification
  • CTrust launches credit scoring platform for cannabis businesses

Digital Currency

  • U.S. Bank executed pilot transaction utilizing its USBDC stablecoin
  • Blockchain Association, Crypto Council file motion to block Illinois law
  • Treasury links $12.7B to digital asset investment scams
  • Crypto Council, Blockchain Association file suit against Illinois’ digital assets tax
  • SEC proposed new rules for crypto assets
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