• cannabis banking covid 19 relief bill

Marijuana Banking Provisions Excluded from $900 Billion COVID Relief Package

The year 2020 fell flat for many reasons, and marijuana banking laws did, too. Cannabis banking access was confirmed, ‘Nope!’ in the latest COVID relief package, a $900 billion bill summarized in a tidy 5,593 pages. The omission means that once again, state-legal cannabis businesses will need to practice patience before they have access to

By |January 11th, 2021|
  • marijuana banking access coronavirus relief bill

Marijuana Banking Access Provisions Included in Coronavirus Relief Bill

Long-awaited banking regulations for cannabis looked unlikely to pass, but the newest coronavirus relief bill may be able to bring it across the finish line. The Secure and Fair Enforcement (SAFE) Banking Act has been in the works since last year and actually made historic progress by passing the House of Representatives but seemed to

By |May 26th, 2020|

Federal Reserve Issues Reminder That Banks Can Work With Hemp Businesses

Financial institutions have been cleared to work with hemp businesses, and the Federal Reserve Bank set out recently to remind the banking industry of this.  Though banks had been given the green light to work with hemp-related businesses in late 2019,  they haven’t been flocking to support this industry yet. Hemp businesses were treated exactly

By |March 24th, 2020|
  • West Virginia Medical Marijuana Banking

Medical Marijuana Banking Bill Passed By West Virginia House

West Virginia took a major step in the fight for banking services for cannabis when the state House of Delegates passed a bill that, if adopted, would provide state protections for banks that take on cannabis-related businesses as customers. What does the bill do? The state would not be able to prohibit or penalize (or

By |March 24th, 2019|