How to get a bank account for your cannabis business? You may need a Cannabis Banking Consultant. Cannabis banking has lots to do with the Cole memo, which we discuss how the Cole Memo survived the Sessions Memo in 2018. We also discuss the FinCEN guidance from department of treasury. The Marijuana: “marijuana limited” SARs with limited information for otherwise legitimate banking clients; “marijuana priority” SARs, for banking clients which implicate the Cole Memo concerns like non-cannabis crime, and; “marijuana termination” SARs, where there’s clear criminal activity like money laundering.
Covid-19 is hurting pot prisoners – and all prisoners stuck in jail. We detail how an Alabama Prisoner Shows Prison Conditions during covid-19 outbreak – some have to be marijuana prisoners.
BREAKING: a Covid-19 Relief Bill for Cannabis Companies was introduced to the house of representatives in congress – by Earl Blumenauer (D-OR) and Ed Perlmutter (D-CO). Emergency Cannabis Small Business Health and Safety Act
They say the cannabis industry is recession-proof, but how are cannabis stocks faring during COVID-19? Today we were joined by Frank Lane from CFN Media and special co-host Josh Kincaid from the Talking Hedge to talk cannabis stocks and upcoming trends.
Why are so many myths about marijuana believed? Because it is almost impossible to study cannabis for its benefits. We discuss the federal roadblocks faced by possible researchers. First, anyone that wants to research cannabis must submit an investigational New Drug application to the FDA. Then the researcher needs to get cannabis to study, so they call the National Institute for Drug Abuse and ask for a letter of authorization to obtain the cannabis for study. Then, they must apply for a DEA registration and site licensure before conducting studies involving cannabis or any derivative. Then the researcher submits the application to the Center for Drug Evaluation and Research. The FDA claims to be committed to encouraging the development of cannabis related drug products – and resources researches to request a Pre-Investigational New Drug Application.
