Cannitrol – Cannabis Control Agent

Marijuana news from around the world

Banking

Marijuana banking bill headed to full U.S. House

Legislation that would provide federal protection for financial institutions that serve state-authorized marijuana and ancillary businesses passed a U.S. House committee on Thursday.

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Marijuana banking proposal gets first-ever hearing in U.S. House committee

A proposal to open banking and financial services to marijuana businesses in states that have legalized marijuana has had its first-ever hearing in a U.S.House committee, making Colorado Rep. Ed Perlmutter , one of the authors, optimistic about its chances.

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Colorado’s legalized marijuana would be federally lawful under bill introduced by Cory Gardner, Elizabeth Warren

Marijuana would be legal federally in states that already have approved the drug’s use under a bill introduced Thursday by U.S. Sens. Cory Gardner and Elizabeth Warren.

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National drug ring disguised as Greeley medical pot grow traded in cryptocurrency, feds say

A national drug syndicate disguising itself as a small Greeley medical marijuana grow traded in cryptocurrency and had drug pipelines to eight states, federal documents in Denver U.S. District Court reveal.

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Congressmen: Rescinding marijuana banking guidance would be “dangerous and imprudent”

A letter from Reps. Perlmutter and Heck in support of Obama-era marijuana banking guidance has been signed by 29 additional members of Congress

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19 state attorneys general back Colo. Rep. Ed Perlmutter’s marijuana banking bill

The recent rescission of prior Obama-era guidance from the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) for banks doing business with marijuana firms has made the need for Congressional action more urgent, the attorneys general said.

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Uruguay setting up dedicated cannabis dispensaries after banks scare off pharmacies

Uruguay’s government announced it is changing its retail system for legalized marijuana because banks have made it difficult for pharmacies to sell cannabis.

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Federal appeals court gives Colorado marijuana credit union another chance

A federal appeals court has breathed life into a plan hatched in Colorado to open a credit union for the marijuana industry. A three-judge panel for the 10th U.S. Circuit Court of Appeals on Tuesday vacated a district court ruling that nixed Denver-based Fourth Corner Credit Union’s bid to receive a master account with the Federal Reserve Bank of Kansas City.

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Cannabis companies flock to Canada as US laws keep them off stock exchange

While more than half of U.S. states allow marijuana for medical or recreational use, the drug is still outlawed by the federal government, starving pot entrepreneurs of institutional capital.

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Sen. Elizabeth Warren seeks to pull pot shops out of banking limbo

As marijuana shops sprout in states that have legalized the drug, they face a critical stumbling block — lack of access to the kind of routine banking services other businesses take for granted.

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