Today in cannabis news: An advocacy group in Austin, Texas submits a measure to decriminalize cannabis citywide; a bipartisan group of federal legislators urge the U.S. Department of Veterans Affairs to undertake immediate legislative adjustments to guarantee that military veterans can access cannabis for medicinal purposes; and the U.S. Treasury…
Treasury Sec. Janet Yellen said “of course” the Internal Revenue Service’s job of collecting taxes would be easier if marijuana businesses could access the banking system. She was responding to a question from Rep. Ed Perlmutter (D-CO) at a hearing. Sen. Jeff Merkley (D-OR) said he doesn’t see a path…
Marijuana Banking Reform Passes House…Again Amazon relaxed its drug testing policies for applicants, leaked documents reveal a prohibitionist congresswoman is quietly investing in cannabis stocks, and the House approved marijuana banking reform…for the fifth time. All that and more cannabis news today at 2 PM CST! ? Want help with…
Today in cannabis news: State authorities in New York predict that cannabis tax revenue will eventually close a budget deficit caused by falling tobacco sales; while Amazon reiterates its backing for legalizing cannabis in the U.S., the corporation states that it has no position on cannabis “regulation, permitting, taxation, or…
What we learned on the first real attempt to federally legalize marijuana in America Senator Shumer and Senator Booker have released their first attempt at Federal marijuana legalization called the Cannabis Administration and Opportunity Act, weighing in at 163 pages. After reading the reviews and the document, I wanted to…
Marijuana businesses have been operating on an all-cash basis for years now. No thanks to the federal government’s ancient policies that make accessing the services of banks and lenders impossible for hemp-based companies. This circumstance makes the cannabis industry a target of crime. In 2017, a beacon of hope appeared…
A bipartisan group of twenty-one state governors sent a letter to congressional leaders on Monday urging lawmakers to support a bill that would allow legal cannabis businesses to have access to traditional banking services. The measure, titled the Secure and Fair Enforcement (SAFE) Banking Act, was approved by the House…
On the eve of 4/20, members of Congress offered up a gift to the budding cannabis industry. The House of Representatives on Monday passed the SAFE Banking Act of 2021, which clears the way for financial institutions and banks to work with cannabis companies. The SAFE Banking Act of 2021…
Marijuana Banking Bill is Back | 710 Morning Show | March 18, 2021 Marijuana companies have very hard time banking. That’s because the federal government still deems cannabis illegal and banks can’t touch criminal companies. A new bill would change all of that and allow banks to work with “state…
House Reintroduces SAFE Banking Act to Protect and Advance Legal Cannabis | High Times Total 0 Share News – High Times