Gaining access to the financial tools a company needs is a major problem in the cannabis industry, due to the plant still being federally prohibited. Even CBD, which was legalized nationwide last year with the 2018 Farm Bill, is proving to be problematic for banks. Square, the payment processing company, has launched a beta program […]
Gov. Kate Brown signed House Bill 4094 on Monday, allowing banks to provide banking services to legal marijuana businesses without facing any criminal liability. Oregonian writer Noelle Crombie, revealed that the present law also is mandating that the Oregon Department of Consumer and Business Services do research to see if there are any probable options that are available for banking services […]
It’s just been announced via marijuanapolitics.com that Oregon will be the first state to legalize banking for marijuana businesses. Anthony Johnson reports that the House vote was 55-4 in favor for House Bill 4094, the bill will now be passed on to Gov. Kate Brown who is predicted to sign off on it as well. […]
Today Oregon’s House of Representatives will be presented with a bill (HB 4094) that would allow banks to do legal business with companies within the industry. Monterey Bud of Marijuana.com reports that banks that choose to provide services to marijuana businesses would face no potenital criminal liablities. This could be a huge opportunity for marijuana […]