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Banking has been an impediment for the cannabis industry because the Bank Secrecy Act of 1970 (BSA) and related regulations―which seek to prevent money laundering and other financial crimes―place onerous requirements on banks when a transaction i (More)
By Joseph J. Pangaro, Justin M. L. Stern, David E. Landau, Seth A. Goldberg and Michael S. Zullo On Wednesday evening, September 25, by a vote of 321 to 103, the United States House of Representatives took a meaningful step toward easing federal r (More)
The CA Senate voted 35-1 to allow banks and credit unions to accept cash deposits from marijuana retailers. Per reporting from the Star Tribune, those banks would be permitted to issue special checks to the retailers that could only be used for ce (More)