Alan Hanson’s Cannabis Banking CLE with Green Check

The text of this article was originally published in the Argent Communications Group’s Cannabis Law and Regulation Reporter. It is reprinted here with permission. Hemp is Legal, Why is Banking Still Hard? THE AGRICULTURE IMPROVEMENT ACT OF 2018 AND ITS IMPACT ON THE STATE OF ‘HEMP BANKING’  In December 2019, the federal Agriculture Improvement Act…

This article first appeared in The Hill. Washington had a turning point in the national debate over banking and cannabis this month. For the first time, Congress held a hearing on the issue, with lawmakers and witnesses outlining the harm resulting from the growing gap between state and federal laws. The House financial services hearing…

The problem with marijuana and banking is no secret. Legal cannabis companies have long had to grapple with lack of access to banking, looking for marijuana banking solutions that exist in far too few a number. But with the cannabis banking news out this week, the industry could see a big change when it comes…

By: Alan Hanson As most people know, cannabis banking is a new frontier because the industry is primarily cash-based. Traditional financial services are not available; this includes standard payment methods such as credit and debit cards. Dealing in cash is both risky and burdensome, and the industry is looking for alternatives to using cash. The…