Visa Issues Compliance Memo Regarding Cashless ATMs and Misuse of ATM Transactions
Cannabis businesses may experience a disruption in services due to increased risk of enforcement.
Category: Banking
Federal Legislative Reform Efforts In Cannabis Banking
Navigating the evolving federal guidance and legislation on banking in cannabis can be difficult for banks and financial institutions. Thus, we encourage those seeking to offer financial services to MRBs to work with experienced legal counsel to ensure compliance.
House Committee Passes Bill to Legalize Marijuana
The bill would decriminalize marijuana, provide for expungement of certain marijuana-related offenses, and create new grant programs.
Maine Senator Angus King Urges Action on SAFE Banking Act
Maine’s Independent Senator, a cosponsor of the bill, urges Senate Banking Committee Chairs to move
Update on Access to Financial Services
Since our last update in April, the landscape for financial services access has seen significant