Category: Business and Finance

What Happened at the Senate Hearing for Cannabis and Banking

Public safety and the problems of doing business in cash took center stage last month during an unprecedented US Senate committee hearing that could be a major step in solving one of the cannabis industry’s biggest headaches: banking. The Senate Committee on Banking, Housing, and Urban Affairs hearing, titled “Challenges for Cannabis and Banking: Outside […]

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No Tax Breaks for Cannabis Businesses says Treasury Secretary Stephen Mnuchin

Treasury Secretary Stephen Mnuchin was in the Senate to find a bipartisan solution to the cannabis industry’s banking frustrations recently. However, his love for the leaf seems to end there, as he outright opposes giving tax breaks to weed businesses. Mnuchin told the Senate Appropriations Committee that providing cannabis businesses with federal tax incentives – […]

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Oregon May Export Weed to Other States

Cannabis could take the next step toward joining pinot noir and craft beer on Oregon’s famous export list, under a proposal likely to go before state lawmakers in the new year. The Statesman Journal reports that the Craft Cannabis Alliance, a business association led by founder and executive director Adam Smith, is working with legislators […]

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