Lawmakers Implant Cannabis Banking Reform in National Defense Bill

Representative Ed Perlmutter (D-CO) is “still pretty upset” that cannabis financing reform was left out from a defense bill earlier this month—evidently at the direction of the Democratic Senate administration. Despite this, Perlmutter expressed in an interview with a known cannabis news source that the congressional discussion that thereafter ensued has furthered the cause ofContinue reading “Lawmakers Implant Cannabis Banking Reform in National Defense Bill”

Is Cannabis Banking Reform on the Horizon?

Senate authority has received another letter demanding that cannabis banking reform be established as part of defense legislation—this time from financial organizations and labor coalitions. The American Bankers Association, also known as ABA, the  Credit Union National Association also known as CUNA, the United Food, and Commercial Workers Union, also referred to as UFCW, andContinue reading “Is Cannabis Banking Reform on the Horizon?”

Bank of America Terminates Popular Cannabis Account without Cause

One of the largest banks in the States is closing down the account of a research institute that’s federally commissioned to grow and study Schedule I substances like cannabis and psilocybin (magic) mushrooms. Bank of America, usually stylized as BoA, randomly informed the Scottsdale Research Institute or the SRI to terminate its accounts this week.Continue reading “Bank of America Terminates Popular Cannabis Account without Cause”

Banking in the Cannabis Industry in 2021

Banking in the Cannabis Industry in 2021 As of October of 2019, the social and political landscape of cannabis has soared to unbelievable heights. Not only have ultra-conservative states such as Indiana began dismissing minor cannabis possession, cannabis companies are catching a break as the SAFE Banking Act passes.  Over the last three years, cannabisContinue reading “Banking in the Cannabis Industry in 2021”