The cannabis industry has long been faced with a major hurdle – the lack of access to traditional banking services. However, there is light at the end of the tunnel with the recent progress made from the Executive Session for Cannabis Banking Bill, also known as the SAFER Banking Act. The bipartisan bill will be …
Benefits of the SAFER Banking Act to Businesses and Consumers Read More »
Why no public housing, doctors, banking or guns for marijuana users? These questions come up all the time with people in states where cannabis is legal – but not all businesses are as accepting of the new state laws. The 5 Cannabis Industry Challenges for 2020 are: banking, health care, even public housing, veterans, and …
Money Laundering & Marijuana Industry 6 February, 2018 Thomas Howard Follow on Social Media Facebook Instagram Youtube linkedin Marijuana being a schedule I drug declared unlawful under the Controlled Substances Act of 1970 has not stopped the majority of states from legalizing either its medical or adult use. The Bank Secrecy Act (“CSA”) takes part …
Big news! Illinois has introduced two new bills to make lending to cannabis businesses “safe and sound” banking practices. For those of you that don’t know, I’m a bank lawyer that has been expanding into the cannabis space in Illinois for the past few years. All my clients, or most, did not want to touch …
Illinois Cannabis Banking Act Bills Introduced to Make Cannabis Bankable Read More »
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