As the Biden administration continues to dive deeper into its policy agenda, cannabis is a topic to watch. Though the administration has been focused on tackling immediate priorities, marijuana is likely to rise to the...more
3/23/2021
/ Agribusiness ,
Biden Administration ,
Cannabis Products ,
Decriminalization of Marijuana ,
Deregulation ,
Dispensaries ,
Financial Crimes ,
Financial Services Industry ,
Hemp ,
Legislative Agendas ,
Marijuana ,
Marijuana Related Businesses ,
Regulatory Agenda ,
Regulatory Reform ,
Retail Market
Will a side effect of the COVID-19 pandemic be banking for the cannabis industry? The U.S. House of Representatives recently passed a new coronavirus relief bill, the Health and Economic Recovery Omnibus Solutions (HEROES)...more
History may view 2018 as a pivotal year for marijuana legalization. Although the year started with then U.S. Attorney General Jeff Sessions creating a haze over the industry and legalization supporters when he rescinded...more
2/5/2019
/ Bank Accounts ,
BSA/AML ,
Decriminalization of Marijuana ,
Dispensaries ,
Financial Fraud ,
Financial Institutions ,
Financial Services Industry ,
Know Your Customers ,
Legislative Agendas ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Medical Marijuana ,
Proposed Legislation ,
Risk Mitigation ,
State and Local Government
Reading the leaves regarding the potential decriminalization of marijuana is confusing and contradictory; however, one certainty is that the intoxicating combination of a cash-rich industry and a multitude of sometimes...more
6/8/2018
/ Banking Sector ,
Controlled Substances ,
Decriminalization of Marijuana ,
Dispensaries ,
Federal v State Law Application ,
Healthcare ,
Investment Fraud ,
Legislative Agendas ,
Marijuana ,
Marijuana Related Businesses ,
Medical Marijuana ,
Proposed Legislation ,
Regulatory Oversight ,
Regulatory Requirements ,
Tax Revenues
The 2016 election will be remembered not only for the memorable presidential race but also for what was effectively a national referendum on cannabis. Eight states passed laws allowing its use. Medical marijuana is now...more
12/14/2016
/ Bank Secrecy Act ,
Banking Sector ,
Banks ,
Decriminalization of Marijuana ,
Department of Justice (DOJ) ,
Dispensaries ,
Due Diligence ,
Enforcement Actions ,
FinCEN ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Medical Marijuana ,
Money Laundering ,
New Legislation ,
Suspicious Activity Reports (SARs)