Uncategorized
Cannabis Debanking Senate Discussion Raises Hopes for Reform, Lifting Stocks
US cannabis stocks have rebounded this week as the industry got the opportunity to air their frustrations over a lack of access to banking to the Senate.
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- Uncategorized
SAFER Banking Act On Track As Government Narrowly Avoids Shutdown
This Nov 3rd, join us for the third edition of Business of Cannabis: New York at The Williamsburg Hotel.
- Uncategorized
SAFER Act Passes Key Vote to Advance to Senate
This Nov 3rd, join us for the third edition of Business of Cannabis: New York at The Williamsburg Hotel.
- Uncategorized
How cannabis rescheduling could create new opportunities for banking
Last week, the U.S Department of Health and Human Services (HHS) urged the Drug Enforcement Administration (DEA) to reclassify cannabis from Schedule I to Schedule III under federal law.
- Companies
Global Cannabis Industry Faces Fresh Banking and Payment Hurdles As Mastercard Bans Cannabis Purchases
THE global cannabis industry is grappling with significant challenges in securing reliable banking and payment services following Mastercard’s recent decision to prohibit cannabis purchases on its debit cards in the US.
- Policy & Regulation
San Francisco to pause taking new cannabis retail business applications
San Francisco to pause taking new cannabis retail business applications MJ Biz Daily reports that San Francisco authorities have placed a moratorium on accepting new applications for cannabis retail business licenses until 2028.
- Policy & Regulation
American bankers association calls for ‘swift passage’ of marijuana banking bill ahead of senate committee hearing
American bankers association calls for ‘swift passage’ of marijuana banking bill ahead of senate committee hearing Marijuana Moment reports that The American Bankers Association (ABA) is renewing its call for the passage of the Secure and Fair Enforcement (SAFE) Banking Act that was refiled last month.
- Policy & Regulation
High & Dry: Banking crisis to further choke funding for cannabis sector
Cannabis Daily News BANKING High & Dry: Banking crisis to further choke funding for cannabis sector The global banking turmoil threatens to squeeze U.S. cannabis companies already struggling with meager funding sources by drying up support from regional lenders and tightening fundraising from alternative avenues, reports Market Screener.
- CBD Market
Banking Blues For The Cannabis Industry
Banks, insurance companies and payment providers are refusing to work with cannabis-related companies throughout the UK, hampering the growth of the industry and leaving many in financial limbo.
