The 2014 legislative session is almost at an end and we’re still standing. Here’s a little update on where we are, in no particular order, moving into these final days. HB1122, a clean-up bill, defines “locked and enclosed” among other… Read More ›
banking
Banks cry foul on compliance rules
Integrating marijuana businesses into the banking world is likely to make the matter worse. For instance, in years past, when a bank employee happened to notice the smell of marijuana coming off a cash deposit, he or she would have… Read More ›
House GOP passes bill to force Obama to crack down on legal weed
Legislation approved by House Republicans would seek to force President Barack Obama to crack down on marijuana in states that have made the drug legal for medical or recreational use. The House passed the Enforce the Law Act by a… Read More ›
Colorado mulls lessons from 1st month of marijuana sales
On Jan. 1, Colorado became the first state in the nation to allow legal retail sales of recreational marijuana. Washington state, where voters also legalized the drug in 2012, is expected to launch its marketplace in the coming months. [Colorado’s… Read More ›
States take the lead on pot
Americans are growing more hip to legalizing marijuana. In fact, a House bill to do just that is one of the most viewed proposals on Congress’s official legislative tracking site. But the overwhelming feeling on Capitol Hill is to leave… Read More ›
Justice Department to Clarify Bank Rules for Dealing With Marijuana Companies
WASHINGTON—The Justice Division is drafting criminal steerage to assist make clear how the banking trade can do trade with newly felony marijuana companies in states like Colorado, in line with folks acquainted with the topic. The deliberate criminal memo will… Read More ›
Denver City Council Passes Proclamation on Banking
Proclamation No. CP14-0001 Urging Swift Federal Action to Provide Guidance for Banking and Other Financial Institutions to Serve Legal Marijuana Businesses WHEREAS, following successive constitutional amendments enacted by the voters of Colorado to legalize both medical and recreational marijuana, the… Read More ›
Outrageous HSBC Settlement Proves the Drug War is a Joke
So you might ask, what’s the appropriate financial penalty for a bank in HSBC’s position? Exactly how much money should one extract from a firm that has been shamelessly profiting from business with criminals for years and years? Remember, we’re… Read More ›
