MarijuanaMoment.net

A strong majority of Americans support freeing up banks to work with cannabis businesses without facing federal penalties, according to a new poll.

A bipartisan coalition of two-dozen governors is urging congressional leaders to enact cannabis banking reform through large-scale defense legislation.

With a system that can fall victim to fraud, IRS Chief asks Congress to allow cannabis operations to use direct deposit rather than cash deposits.

While the Small Business Administration says it’s pleased overall with the final rule, there are still outstanding concerns over select regulations.

The number of financial institutions service state-legal marijuana businesses has declined, and COVID-19 is one of the reasons.

Opening a market to allow for cross-state sales could immediately increase value for thousands of farms and businesses, as well as the jobs they create.

Congressional representatives have delayed voting on a bill that would federally legalize cannabis until after the November elections.

The state legislature’s most recent session includes measures to reform cannabis taxes and expand industry access to banking.

House versions of spending bills unveiled this week include provisions to protect medical legalization laws from federal interference, ease marijuana businesses’ access to basic banking services, expand cannabis research, oversee the country’s fledgling hemp and CBD industries and grant Washington, D.C. the ability to legalize recreational sales.