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..
This Sunday, most of the world rang in the New Year with the regular fanfare and rigamarole. Meanwhile, the former sovereign now most populous state of California celebrated in its own special way: by re-legalizing marijuana sales. California, the world’s 6th largest economy, now offers cannabis for purchase en mase 111 years after the 1907..
November Legal Round Up November welcomed another wave of change for the cannabis industry – both nationally and internationally. Multiple ballot measures, plus a couple of gubernatorial candidates’ successes are canaries in the coal mine for cannabis prohibition repeal. From the first baby steps of public hearings to emergency initiatives for recreational measures slated..
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..