A marijuana banking bill was introduced to Congress this week in an effort to allow legal cannabis companies to open bank accounts. Read article here: High Times
Tag: Banks
Banks Are Gouging Pot Business Simply Because They Can
Read article here: High Times
U.S. House Votes to Allow Banks to Accept Deposits from Marijuana Stores and Dispensaries
Historic Vote Falls on Heels of Votes in May to Prohibit DEA from Undermining State Medical Marijuana and Hemp Laws Meanwhile Conflict Over Washington, DC Decrim Law and Legalization Ballot Measure Increases In a historic vote today the U.S. House passed a bipartisan amendment by Representatives Heck (D-WA), Perlmutter (D-CO), Lee (D-CA) and Rohrabacher (R-CA) […]
Colorado Law Sets up Marijuana Banks; Feds Must Approve
Plan to establish the world’s first state-level banking system for the marijuana industry DENVER — Colorado Gov. John Hickenlooper signed a bill designed to create the world’s first state-level banking system for legal cannabis companies, which lack access to basic banking services creating dangerous and difficult risks. Medical Marijuana News – THCbiz
Marijuana Banks Face Tough Going Without Feds’ Help
DENVER — A newly approved state plan aimed at helping Colorado’s marijuana stores handle the vast sums of greenbacks ringing through their cash registers may be dead on arrival unless Congress steps in. Medical Marijuana News – THCbiz
Banks Get Guidance On Legalized Marijuana Businesses
The Obama administration issued new rules today intended to ease the concerns of banks wanting to deal with businesses that legally sell marijuana. Medical Marijuana News – THCbiz
Banks Say No To Marijuana Money, Legal or Not
In his second-floor office above a hair salon in north Seattle, Ryan Kunkel is seated on a couch placing $ 1,000 bricks of cash — dozens of them — in a rumpled brown paper bag. When he finishes, he stashes the money in the trunk of his BMW and sets off on an adrenalized drive […]
U.S. Treasury May Give Guidelines to Banks Working with Marijuana Companies
Denver PostBy Eric Gorski and David Migoya The federal government may issue guidance giving banks a “yellow light” to work with marijuana businesses, possibly in the first quarter of 2014, a high-ranking state official said Thursday. Medical Marijuana News – THCbiz
Banks To Get Guidance On Doing Business With Legal Marijuana Shops
Reuters by Brett Wolf Banks, worried about running afoul of federal money-laundering law in dealing with state-authorized marijuana businesses, may soon receive some much-needed guidance from U.S. agencies. Because a federal prohibition of marijuana is still in place, most banks do not work with marijuana businesses in states that have legalized them for fear they […]
Opening Banks to Marijuana Business
DenverPost.comBy The Denver Post Editorial Board The U.S. Department of Justice offered some encouragement last week that the conflict between banking regulations and pot businesses could be solved. Anyone who cares about public safety should hope the agency succeeds. Medical Marijuana News – THCbiz