Tag: banks

Oregon House Passes Bill Protecting Banks Working with Cannabis Businesses

In a 56 to 3 vote, Oregon’s full House of Representatives has voted to give approval to House Bill 4094, a cannabis banking bill. The measure now heads to the state’s Senate, where its passage will send it to the governor for consideration. Under the proposed law, introduced by Representative Tobias Read who is running …

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U.S. House of Representatives Votes to Ease Cannabis Banking Laws

The United States House of Representatives has voted in support of making it easier for banks to do business with cannabis outlets that are legal in the states they operate in. The vote, which was 236 to 186, came Tuesday on legislation introduced by Louisiana Representative John Fleming, who was attempting to block the Treasury Department from implementing a memo it …

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U.S. Attorney General: Legal Marijuana Businesses Should Have Access to Banks

By Jack Healy and Matt Apuzzo, The New York Times Attorney General Eric H. Holder Jr. said Thursday that lawful marijuana businesses should have access to the American banking system and that the government would soon offer rules to help them gain it. The rules are not expected to give banks a green light to accept deposits …

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Feds to Soon Release Memo Giving OK to Cannabis Banking

Cannabis businesses wanting the ability to bank legitimately are likely to get at least a “yellow light” allowing them to do so as soon as the new year, says Jack Finlaw, Chief Legal Counsel for Colorado Governor John Hickenlooper. “What we’re being told,” says Finlaw, “is probably in the first quarter of 2014 there will be …

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Department of Justice Working to Allow, Regulate Transactions Between Banks, Cannabis Stores

U.S. Attorney General Eric Holder told the governors of Washington and Colorado in a phone call Thursday that the Department of Justice is “actively considering” ways to explicitly allow, and regulate transactions between banks and cannabis retail outlets in states where they’re legal. This consideration, which will come as a surprise to many, is in …

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