Barely a week in, 2018 is already proving to be the most explosive year for US cannabis yet. Adult use is legal in California on the first. Stocks rally on the second. Attorney General Jeff Sessions repeals the Cole Memo then pot-stocks tank on the fourth. Now, Congress is rallying in the name of freedom to use..
SinglePoint Developing a Proprietary Bitcoin Exchange to Solve Payment Processing Issues in High Risk Markets
August 7th 2017 – SinglePoint Inc. OTC SING, is providing a first-hand look at the company’s new Bitcoin exchange aimed at solving the issue in payments issue plaguing the cannabis industry. Currently, there is no standard for payment processing the cannabis market. It is an underserved market with vast opportunity for technology to solve the..
Marijuana legislation introduced back in 2015 could be the breakthrough centerpiece states need to fully decriminalize marijuana. The Curious Case of H.R. 1013 H.R. 1013, introduced February 20, 2015, would put marijuana in the same classification as alcohol, and subject to the same regulations. It had 11 original co-sponsors. That number has grown to 19..
A whopping 44% of Oregon residents polled said banks who support the cannabis industry would be seen favorably according to a recent poll conducted by DHM Research. Voters may have legalized marijuana in several states. The next step is to move the federal government forward to allow legalized marijuana businesses access to federal banks, too…
Banking is the linchpin to fully opening up revenues earned by the cannabis industry. States that have legalized marijuana are urging the federal government to update banking guidelines that stand in the way of receiving millions in tax revenues. The marijuana industry has been a financial windfall for every state that has legalized cannabis, but..
It’s nice to see an elected official do the will of the people, especially when it conflicts with his own personal beliefs. That is a sign that our democracy is working. So thank you, Maine Governor LePage! Even though he was against Question 1 on Maine’s ballot last fall, that did not stop him from..
In the Sunshine State, the Florida Medical Marijuana Legalization Initiative, also known as Amendment 2, was overwhelmingly approved with 71% of the vote. Florida requires a 60% percent approval rate for constitutional amendments to be added, which it failed to receive in November 2014 for an earlier initiative of the same name. That makes this..
We know our government moves slowly, but we try to support our elected officials who are the ones that get things done. In that vein, it pleases us to see that US Senator Elizabeth Warren (D-Massachusetts) is working for the people to find the solution for cannabusinesses to have access to banking. Access to banking..
We are pleased Americans passed eight of the nine marijuana items that were on last month’s ballots. Approval may seem like an accomplishment, but it really only produces a single step in the journey of legalization. With each state having a unique plan, larger states can have an advantage through population and funds. As exemplified..
Looking for an update on banking? Here it is: No news. Nothing’s changed. All quiet on the Banking Front. If you want banking information for your cannabusiness we suggest going to the source. Go to your bank. Talk to them see where they are and what their plans are. If they are not offering services..