Four Federal Agencies Release Guidelines for Banks Working with Hemp Industry

On Tuesday a coalition of federal agencies released a joint statement noting that financial institutions including banks and credit unions may work with individuals and businesses involved in the hemp industry.

“This statement provides banks with background information on the legal status of hemp, the U.S. Department of Agriculture’s (USDA) interim final rule on the production of hemp, and the BSA considerations when providing banking services to hemp-related businesses”, states the joint press release, which was published by theĀ Federal Reserve.

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Report: Over 500,000 Marijuana Vapes Seized in Past Two Years in the U.S. Alone

Throughout the United States authorities have seized at least 510,000 marijuana vape cartridges and arrested more than 120 people in the past two years, according to an Associated Press tally derived from interviews, court records, news accounts and official releases.

vape guide

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Cannabis Stocks Soar Following U.S. House Committee Approval of Marijuana Legalization

According to a Reuters reports, shares of marijuana companies rose on Thursday following a U.S. congressional committee passing legislation to legalize marijuana. The measure now moves towards a vote by the full House of Representatives, where its approval would put it before the Republican-controlled Senate.

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Legal Marijuana Sales Begin January 1 in Both Michigan and Illinois

First the first time since the start of marijuana prohibition many decades ago, marijuana sales will be legal in both Michigan and Illinois beginning January 1st. This is possible due to voter-approved initiatives which legalized the plant for recreational purposes for everyone 21 and older.

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