Items tagged with banking and US drug policy
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A tale of two cannabis legalization experiments [17.10.2023] | It’s been five years since the Canadian government legalized and regulated non-medical cannabis cultivation, commerce, and consumption. California is ... |
Cannabis firms are cut off from the US financial system, but relief is in sight [08.10.2023] | Imagine that you run a perfectly legal business but are unable to open a simple checking account at a national bank. Believe it or not, that’s the ca ... |
Congressional researchers highlight growing federal-state marijuana ‘policy gap’ in new 100-page report [25.04.2022] | The gap between federal and state marijuana policies continues to widen and shows no signs of stopping, congressional researchers said in a new repor ... |
‘There’s no stopping the industry now’: Democratic control is a big win for marijuana [31.01.2021] | Cannabis companies are positioning themselves for the greater likelihood that federal cannabis restrictions will be loosened significantly. Sales are ... |
Gov't addressing banking challenges impacting cannabis industry [10.09.2020] | The Ministry of Industry, Commerce, Agriculture and Fisheries is engaging international stakeholders to address the banking difficulties that have be ... |
Lavish parties, greedy pols and panic rooms: How the ‘Apple of Pot’ collapsed [24.05.2020] | MedMen looked to become the Apple of pot, the first mainstream, nationwide consumer brand for the product that drove so many Americans to ingest and ... |
What will 2020 mean for cannabis? [01.01.2020] | As 2019 slouched toward its end, many predictions of what might happen with cannabis in 2020 had been tinged with optimism. Chronic Town was no diffe ... |
Marijuana’s ten biggest victories of 2019 [17.12.2019] | This year was a big one for marijuana in the U.S. From a first-ever congressional vote on federally legalizing cannabis to another large state ending ... |
Glimmer of hope for cannabis industry as talks continue with US [31.10.2019] | Permanent secretary in the Ministry of Investment, Commerce, Agriculture and Fisheries Dermon Spence has indicated that there could be headway in sig ... |
The Great American cannabis experiment [14.10.2019] | While state legalization has allowed the cannabis industry to grow – it generated over $10 billion in sales last year and employs more than 211,000 p ... |
Jamaica joins global stock markets in bracing for impact of Cannabis Banking Bill [11.10.2019] | The Jamaica Stock Exchange (JSE) has joined other stock markets across the globe in bracing for the impact of the Cannabis Banking Bill, which is cur ... |
Cannabis industry hopes SAFE Banking Act will spark new wave of growth, especially in U.S. [27.09.2019] | For the first time in history, the U.S. House of Representatives passed legislation to both validate and protect the burgeoning cannabis industry by ... |
Shaw sees glimmer of banking hope for ganja businesses [27.09.2019] | Minister of Industry, Commerce, Agriculture and Fisheries, Audley Shaw, has welcomed news of the passage of the SAFE Banking Act in the United States ... |
House passes bill to protect cannabis industry access to banks, credit unions [25.09.2019] | The House passed a bill to give banks and credit unions legal cover to serve the cannabis industry even while the drug remains federally banned. The ... |
Hope for cannabis growers [31.05.2019] | Jamaica is to lobby the United States on the issue of legitimising licensed cannabis growers and processors under correspondent banking rules. Audley ... |
Jamaica’s cannabis gamble [17.04.2019] | Jamaica is starting to think of cannabis as an opportunity. Uruguay, Canada and ten American states have legalised it for recreational use. Ganja, as ... |
Local officials from across US call for federal marijuana rescheduling [13.11.2018] | The National League of Cities (NLC), representing over 19,000 cities, towns and villages across the United States is calling on the federal governmen ... |
Most banks won’t touch America’s legal pot industry [20.04.2018] | Providing banking services to pot-sellers is a risky endeavour. Despite being legal in one form or another in 29 states, marijuana is banned under th ... |
Wall Street experiments with marijuana investments [01.04.2018] | More adventurous corners of Wall Street are experimenting with marijuana as an investment even though recreational use of the drug is illegal in New ... |
Uruguay leads world in cannabis regulation but US law intrudes [28.02.2018] | Uruguay was the first country in the world to fully regulate the cannabis market and so break free from a global prohibitionist regime that has preva ... |
Trump Treasury Secretary wants marijuana money in banks [06.02.2018] | The Trump administration's top fiscal official appeared to voice support for letting marijuana businesses store their profits in banks. "I assure you ... |
Why marijuana retailers can’t use banks [22.01.2018] | Nearly two-thirds of America’s states have legalised pot sales for certain uses, but the federal government still classifies marijuana as a Schedule ... |
Colorado’s Senators tell U.S. Treasury: Don’t touch marijuana banking [11.01.2018] | U.S. Sens. Michael Bennet and Cory Gardner of Colorado have asked the U.S. Treasury to keep in place Obama-era rules that allow banks to serve mariju ... |
More banks are welcoming marijuana businesses, federal data shows [03.01.2018] | A growing number of banks are willing to open accounts for marijuana businesses. The number of depository institutions that are actively banking the ... |
California proposes armored cars to transport pot tax money [07.11.2017] | California should use armored cars to transport hundreds of millions of dollars in cash tax payments expected next year with the state's legal mariju ... |
Uruguay setting up dedicated cannabis dispensaries after banks scare off pharmacies [14.09.2017] | Uruguay’s government announced that it is changing its retail system for legalized marijuana because banks are making it difficult for pharmacies to ... |
Pot was flying off the shelves in Uruguay. Then U.S. banks weighed in [25.08.2017] | The pharmacies selling pot were doing a brisk business. After Uruguay became the first country in the world to fully legalize marijuana sales for rec ... |
Uruguay finds no banks for the bongs [22.08.2017] | Understated and simpatico, former Uruguayan president Jose Mujica isn't easily rattled. Just don't mess with his reefer. That was the message from Mo ... |
California considering creating a state-run bank for cannabis businesses [16.07.2017] | California government, financial and marijuana business leaders met last week in a far-from-resolved debate over whether a state-run bank could be th ... |
Cannabis cash conundrum: Some businesses bury money, others truck it to a federal vault [12.07.2017] | With recreational use set to become legal next year under Proposition 64, cannabis sales in the state are expected to top $7.5 billion in 2020, up fr ... |
Federal bills from Colorado legislators seek to shield state marijuana laws, open banking [18.05.2017] | Colorado federal lawmakers amplified efforts to protect state-enacted marijuana laws and cannabis businesses supporting banking legislation for the m ... |
New federal bill would allow banking for marijuana businesses [27.04.2017] | Marijuana businesses can’t openly bank and congressman Ed Perlmutter, D-Colo., is hoping to change that. Perlmutter on Thursday introduced the Secure ... |
Big need for marijuana banking, yet Congress has ‘no appetite’ to fix issue [03.04.2015] | Congress doesn’t have the appetite to deal with the conflict between federal and state laws that has caused a banking crisis for the burgeoning marij ... |
Banks are slowly welcoming legal marijuana dealers [12.08.2014] | A top federal official said that 105 banks and credit unions are doing business with legal marijuana sellers, suggesting that federal rules giving fi ... |
U.S. issues marijuana guidelines for banks [14.02.2014] | The Obama administration issued guidelines intended to give banks confidence that they will not be punished if they provide services to legitimate ma ... |
Banks say no to marijuana money, legal or not [14.01.2014] | Legal marijuana merchants — mainly medical marijuana outlets but also, starting this year, shops that sell recreational marijuana in Colorado and Was ... |
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