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Home » Cannabis Banking » Page 4

Cannabis Banking

ICBA urging Senate to pass SAFE Banking Act by the end of this year

By Dave Kovaleski   |   December 1, 2022   |   Cannabis Banking

The Independent Community Bankers of America (ICBA) is urging Congress to pass a bill in this legislative session that would establish a cannabis banking safe harbor in states where cannabis is legal....

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Poll examines Republican South Carolina voter support of cannabis reform

By Douglas Clark   |   November 23, 2022   |   Cannabis Banking

Coalition for Cannabis Policy, Education, and Regulation (CPEAR) poll results maintain that 59 percent of Republican South Carolina voters support federal cannabis reform. The cannabis legalization...

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Sen. Rosen introduces bill that would allow cannabis businesses to get SBA loans

By Dave Kovaleski   |   November 22, 2022   |   Cannabis Banking

U.S. Sen. Jacky Rosen (D-NV) introduced legislation that seeks to ensure that legally operating cannabis small businesses have access to loans and programs provided by the Small Business Administratio...

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Sens. Feinstein, Grassley, Schatz tout medical marijuana research bill advancement

By Douglas Clark   |   November 21, 2022   |   Cannabis Banking

A group of lawmakers recently touted Senate advancement of the Medical Marijuana and Cannabidiol Research Expansion Act, which now proceeds to President Joe Biden's desk to be signed into law. The ...

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Reps. Lee, Blumenauer seek minority cannabis business financial services data

By Douglas Clark   |   November 18, 2022   |   Cannabis Banking

U.S. Reps. Barbara Lee (D-CA) and Earl Blumenauer (D-OR) recently forwarded correspondence to the Financial Crimes Enforcement Network (FinCEN) seeking data regarding financial services offered to min...

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California Department of Cannabis Control outlines regulatory revisions

By Douglas Clark   |   November 15, 2022   |   Cannabis Banking

California Department of Cannabis Control (DCC) officials have outlined a series of cannabis regulations revisions to provide simplification, ease licensee challenges and bolster consumer protections....

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Recreational marijuana garners Maryland, Missouri approval

By Douglas Clark   |   November 10, 2022   |   Cannabis Banking

Maryland and Missouri have become the 20th and 21st states to approve recreational marijuana use. “Maryland voters have overwhelmingly rejected the failed policy of prohibition and voted for the ...

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Trade group argues that cannabis operators should be listed on stock exchanges

By Dave Kovaleski   |   November 9, 2022   |   Cannabis Banking

The American Trade Association for Cannabis and Hemp (ATACH) released a paper this week arguing that the major stock exchanges -- including the New York Stock Exchange (NYSE) and Nasdaq – should inc...

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Sen. Hickenlooper to introduce bill to establish framework for federal marijuana legalization

By Dave Kovaleski   |   November 7, 2022   |   Cannabis Banking

U.S. Sen. John Hickenlooper (D-C)) will introduce legislation that directs the attorney general to develop a regulatory framework for marijuana that would be enacted as soon as the federal government ...

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Safe Harbor Financial outlines Abaca acquisition

By Douglas Clark   |   November 2, 2022   |   Cannabis Banking

Regulated cannabis industry financial services provider afe Harbor Financial has agreed to acquire the cannabis financial technology platform Abaca for $30 million. "We are thrilled to announce thi...

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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

  • 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
  • Treasury seeking public comments on implementation of GENIUS Act
  • Report outlines how Clarity Act could weaken digital asset law enforcement tools
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