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Home » Cannabis Banking » Page 11

Cannabis Banking

Maine outlines cannabis community listening tour

By Douglas Clark   |   June 17, 2022   |   Cannabis Banking

Maine Department of Administrative and Financial Services (DAFS) officials said the agency's Office of Cannabis Policy (OCP) plans to conduct five statewide cannabis community engagement and listening...

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Kentucky state officials select medical cannabis advisory committee

By Douglas Clark   |   June 16, 2022   |   Cannabis Banking

Kentucky state officials have announced members of the Team Kentucky Medical Cannabis Advisory Committee, which would advise Gov. Andy Beshear regarding medical cannabis access for residents. “Po...

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Illinois Department of Financial and Professional Regulation outlines next steps in cannabis licensing process

By Douglas Clark   |   June 14, 2022   |   Cannabis Banking

The Illinois Department of Financial and Professional Regulation (IDFPR) recently detailed the next steps toward issuing 185 Conditional Adult Use Cannabis Dispensing Organization Licenses. The pro...

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Independent Community Bankers urge Congress to pass SAFE Banking Act

By Dave Kovaleski   |   June 10, 2022   |   Cannabis Banking

The Independent Community Bankers of America (ICBA), along with a coalition of 44 state community banking associations, is urging Congress to include legislation in the America COMPETES Act that allow...

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City of Albany seeking applicants for Local Cannabis Advisory Committee

By Douglas Clark   |   June 9, 2022   |   Cannabis Banking

The City of Albany is seeking Local Cannabis Advisory Committee applicants, noting those selected would aid in developing municipal-level cannabis regulations. Regulatory considerations, per author...

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US Conference of Mayors urges Congress to pass SAFE Banking Act

By Dave Kovaleski   |   June 8, 2022   |   Cannabis Banking

At the US Conference of Mayors' annual meeting in Reno on June 6, the gathering of mayors passed a resolution urging Congress to pass the SAFE Banking Act for cannabis businesses. The SAFE Banking...

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California officials announce $35.5M in community reinvestment grants

By Douglas Clark   |   June 6, 2022   |   Cannabis Banking

The California Governor’s Office of Business and Economic Development (GO-Biz) recently awarded 78 California Community Reinvestment Grants (CalCRG), totaling $35.5 million awarded to organizations ...

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#SAFE4Equity campaign supports passage of SAFE Banking Act in larger competition bill

By Kim Riley   |   June 3, 2022   |   Cannabis Banking

Banking legislation that would provide relief for small minority-owned cannabis businesses recently received support from several advocacy organizations that want to see the proposal included as part ...

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Cannabis company Harborside outlines cost efficiencies from recent acquisitions

By Dave Kovaleski   |   June 2, 2022   |   Cannabis Banking

Cannabis company Harborside outlined its cost savings from the integration of three companies that it has purchased in the past 12 months. The California-based company acquired Sublimation, also kn...

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California Department of Cannabis Control launches cannabis data visualization tool

By Douglas Clark   |   May 31, 2022   |   Cannabis Banking

California Department of Cannabis Control (DCC) recently launched a data visualization tool to help consumers identify licensed cannabis product retailers. The technology would also inform business...

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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

  • Agencies ask for public comment on proposed stablecoin regulations
  • Rep. Arrington introduces bill to close tax loopholes in digital asset market
  • Legislation to protect seniors from crypto ATM scams introduced
  • SIFMA makes recommendations for FinCEN on AML proposal for stablecoin issuers
  • Rep. Kustoff introduces bill to treat digital assets like other financial instruments

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