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Congress Eyes New Way to Allow Cannabis Banking, DC Sales

Provisions in a proposed federal spending bill would protect banks that work with the cannabis industry and would finally allow Washington, DC, to greenlight retail cannabis sales. The post Congress Eyes New Way to Allow Cannabis Banking, DC Sales appeared first on Leafly.

"To increase sales on its platform, Eaze enabled the option to complete cannabis purchases by credit and debit card, even though credit and debit card companies prohibit the use of their.

Perlmutter and his allies in Congress are now trying to cut off funding for federal enforcement actions against banks and credit unions that serve cannabis businesses. Finding a Way . The Fed and other regulatory agencies have made it clear that states can’t create new financial institutions for the cannabis industry.

An industry survey found that 99 percent of respondents want Congress to bridge the divide between state and federal laws, regardless of whether they operate in a state that has legalized cannabis.

U.S. House Votes to Allow Banks to Accept Deposits from Marijuana Stores and Dispensaries. If passed by D.C. voters, Initiative 71 would allow adults over the age of 21 to possess up to two ounces of marijuana on their person at any time, and allow for the cultivation of up to six marijuana plants at home.

His title is eye-catching, but is without substantive facts or. For example, people were asked if they supported a bill that would “allow developers to build new apartments near transit and jobs if.

News about cannabis, medical marijuana, weed, and pot.

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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.

The below lists 2019 state bills to adopt new laws to legalize marijuana for adults, to adopt effective medical marijuana laws, or to replace possible jail time with fines for marijuana possession. Click on the state names below to learn more about efforts in your state and to take action in support of marijuana policy reform.

Its keystone, however, would be a new line of bank credit totaling $250 million. for this company faced strong competition first from the DC-10 and later from the Boeing 767 and Airbus A-300. Hence.

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