Congress Eyes New Way to Allow Cannabis Banking, DC Sales

6 hours ago. Senate hearing on marijuana industry banking issues reveals. One piece of legislation, the Secure and Fair Enforcement (SAFE) Banking Act, would allow banks, credit. New marijuana opportunity reinvestment and Expungement Act. recapping big congressional hearing on marijuana reform and.

All Information (Except Text) for S.1726 – Marijuana Businesses Access to Banking Act of 2015114th Congress (2015-2016) Back to this bill. Hide Overview. Introduced Array ( [actionDate] => 2015-07-09 [displayText] => Introduced in Senate [externalActionCode] => 10000 [description] => Introduced )

Banks have always found a way to handle drug money. When there gets to be enough money involved they will find a way to exert pressure on the government. Also there is no way any government will allow an economy to develop that does not involve the banking establishment. Just another step down the road towards legalisation.

The Credit Unions and Small Banks That Solved the Cannabis Cash Crisis. The only thing standing in between a bank accepting cannabis cash and getting shut down by federal money-laundering laws.

Nevada hopes to be the first state to create its own banking system for the booming. Under a three-year pilot program, Nevada will allow marijuana. solutions for marijuana businesses while they wait for Congress to fix the problem.. New research released this week shows that even pension plans with .

The U.S. cannabis industry moved one step closer to gaining access to banking services Tuesday as the Senate held its first committee hearing on a bipartisan bill to protect banks from cannabis-related penalties.. While the measure has received some pushback, it also has support on both sides of the aisle, largely based on the hypothesis that access to financial services would reduce public.

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2 An issue brief on state marijuana laws and the CPA profession. It also imposes an excise tax on sales of marijuana in the state.3 initiative 502 in Washington. the conflict between DC voters and Congress is representative of the problem between the. Congress Eyes New Way to Allow Cannabis Banking, DC Sales. The Future of CBD Gummies and Edibles.

How We Can Help. The push for federal cannabis banking legalization took another baby step on. on Banking, Housing and Urban Affairs heard a bill that would allow. It has closed its eyes and plugged its ears, and pretended and. legal marijuana accounting for over $8 billion in sales nationwide in.

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