Friday, March 29, 2024

Congress

Don’t Hold Your Breath For Marijuana Banking In 2019

While it's not unreasonable that we will see the Safe Banking Act sail through the House yet in 2019, the Senate isn’t going to touch this bill with a ten foot pole.

These Congressional Republicans Support The Cannabis Industry

There are now more Republicans in Congress that support the cannabis movement in one way or another than ever before.

What Will Congress Do With Cannabis Banking Following Initial Hearings?

To date, no bank that has dared work with marijuana, but that hasn’t given most of them the peace of mind to engage in this practice consistently like they do with other business sectors.

Is FDA Behind The Latest CBD Crackdown?

The bulk of the problem apparently stems from the language of the Federal Food, Drug, & Cosmetic Act, which has strict rules on adding medicinal components to food.

Congress Takes Initial Steps Into Cannabis Banking Legislation

This is the first hearing to be held by the new Congress that will begin tackling the issue of banking for cannabis companies. Businesses that work in states where cannabis has been legalized continue to struggle with financial institutions.

Banking And Protections For Marijuana Businesses Could Be Coming Soon

Next week, House members will examine a piece of legislation, which would allow banks to do business with the cannabis trade without the risk of prosecution for money laundering.

The Newly Democratic House Majority And The Future Of Legal Weed

The future of marijuana legalization in the U.S. looks a lot brighter now that Democrats have reclaimed the House of Representatives following the 2018 Midterm Elections held this past November.

Congressional ‘Green Tide’ Could Make 2019 Marijuana’s Best

It seems likely that Congress will give some attention to pot reform in the coming months, which is a huge step forward from the stagnation the country has experienced on this issue.
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