The Guidance: House Rejects Effort to Block The Guidance for Banking Regulation Wednesday, July 16, 2014. This date marks what has been the largest win in an effort to legalize Cannabis nationwide. The House voted, 236–186, rejecting a move by Representative John Fleming (R-La.), which proposed to block the government from continuing to provide guidance to banks dealing..
Cannabis Banking for Legal Cannabis Businesses: Part 2 THE GUIDANCE The recent Treasury Department Guidance was hailed as happy news. It was reported this was finally the reassurance banks needed from the federal government to open their doors to legal cannabis dispensaries. Four months and only a handful of banks are offering bank accounts to legal..
Banking in the Cannabis Industry An Ongoing Discussion May 22, 2014 It was thought that with the Valentines Day Guidance from the Treasury and Department of Justice would allow banks to relax their tough stance against banking with the legal cannabis industry but three months on there is no movement. Except for rumors— “Visa and MC..