Cannitrol – Cannabis Control Agent

Marijuana news from around the world

pot banking

Banking for marijuana companies included in Congress’ new $3 trillion coronavirus stimulus bill

Cannabis industry advocates applauded House Democrats on Tuesday after a new $3 trillion federal stimulus bill included provisions to allow marijuana businesses access to banking.

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Marijuana banking bill gets pushback from Colorado’s Buck, Lamborn

Twelve members of the U.S. House of Representatives, including two from Colorado, are publicly pushing back against a federal bill that would give legal cannabis businesses access to banking services.

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Colorado unveils plan to help bring banking to state’s cannabis industry

Because marijuana remains a controlled substance under federal law, Colorado’s dispensaries, cultivations and other businesses have been prohibited from obtaining conventional financial services, such as lines of credits or loans, and the ability to accept credit cards.

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Perlmutter, House co-sponsors push Senate for swift action on marijuana banking bill

U.S. Rep. Ed Perlmutter and three other congressmen who’ve been pushing to give cannabis businesses access to banking services expressed hope Tuesday their bill would move through the Senate soon.

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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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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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