WeedLife News Network

Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife News Network.

Bernie Sanders Wants Fewer Cannabis Banking Regulations – Cannabis News

Despite any recent election disappointments, Bernie Sanders has not slowed down in the least when it comes to supporting causes he cares about, like fair and equal treatment for cannabis businesses.

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Bernie Sanders Wants Fewer Cannabis Banking Regulations – Cannabis News

Despite any recent election disappointments, Bernie Sanders has not slowed down in the least when it comes to supporting causes he cares about, like fair and equal treatment for cannabis businesses.

Continue reading

The marijuana banking dilemma

Mark Goldfogel with The Fourth Corner Credit Union speaks at the National Cannabis Summit. Image: WeedWorthy.com
Bruce Kennedy ~ WeedWorthy ~
 
Denver’s Fourth Corner Credit Union launched last year as an answer to the legal marijuana industry’s inability to access financial institutions. But the Fed had other plans.
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Pot Risk vs. Profit: Bankers Cautious of Marijuana Dispensaries

Interior of the Euflora dispensary in downtown Denver. Image: WeedWorthy.com
Clarissa Cooper and Michael Bodley ~ Carnegie-Knight News21 initiative via NBCNews.com ~
 
DENVER — Every month, Jamie Perino hires a security detail to come to her three recreational marijuana dispensaries. They stop by, collect thousands of dollars in cash and head out to deliver the money to the state, county and city.
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Blossoming Denver-based marijuana credit union denied by Feds; suit filed

U.S. Federal Reserve System Seal. Image via Wikimedia Commons
Kieran Nicholson ~ Denver Post ~
 
A Denver-based credit union aiming to become the first of its kind — one created to serve the Colorado marijuana industry — has suffered a setback.
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Rand Paul backs effort to bring banking to legal marijuana businesses

Republican presidential hopeful Sen. Rand Paul waits to speak during a campaign stop at a sports bar in Denver on Tuesday, June 30, 2015. (AP Photo/David Zalubowski)
 
Less than a month after holding a fundraiser on the sidelines of a Colorado marijuana conference, Sen. Rand Paul, R-Ky., is joining the fight to give America’s growing legal marijuana industry access to banking services.
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New bill would let marijuana shops use banks

Cannabis plant at a Denver grow facilility. Photo: WeedWorthy.com
 
Pot shops would have access to banks under new legislation in the Senate.
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