Items tagged with banking and US drug policy

Item title Description
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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