Cash-roll on cannabis. Photo Credits Christopher Jones Currently, cannabis remains illegal under federal law. As a result, financial institutions do not provide banking or transaction services for legal cannabis-related businesses. It leaves the cannabis industry to work on a cash-only basis. According to the American Bank Association (ABA), any cannabis business … [Read more...] about The SAFE Banking Act can aid the Cash-Only Industry
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The Dime: 11/13/2020
Following important cannabis news articles every day can be a real burn-out, we know. That’s why the Emerald rolls up a chronicle of the headiest news hits, and passes them to you at the end of each week. We Bring You: The Dime. Written by Katie Bryan | Emerald Magazine Justice HIGHlights Advocates and pro bono attorneys working tirelessly have achieved an … [Read more...] about The Dime: 11/13/2020
Despite Overwhelming Voter Approval, Trump Proposes Cutting Federal Protections for State Cannabis Markets
Despite a decades-long record of support for state medical cannabis (MMJ) laws, Trump proposed cutting an amendment in his spending bill that would protect them. Trump’s Record on Cannabis Though he claims he’s never smoked it, Trump has a 30-year record of supporting pro-cannabis policies— or at least, a state’s right to regulate its own … [Read more...] about Despite Overwhelming Voter Approval, Trump Proposes Cutting Federal Protections for State Cannabis Markets
Hemp Becoming Big Business With Republican Support
In contrast to the usual partisan rancor that has caused paralysis in the U.S. Congress, hemp legalization and the emerging industry have great bipartisan support. Legalization has long garnered Democratic Party support, especially from progressive members of the House of Representatives. But an increasing number of Republican Party members have endorsed legalization. Sen. … [Read more...] about Hemp Becoming Big Business With Republican Support