Federal banking rules make funding Maryland cannabis industry tricky
Maryland's plan to create a legal market for cannabis is expected to create a likely billion-dollar industry.
Source: somd.com
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Summary: Amendments to Maryland House Bill 556 and Senate Bill 516 | Foley Hoag LLP - Cannabis and the Law
Maryland House Bill 556 (cross-filed with Maryland Senate Bill 516), introduced on February 3, 2023, contains essential provisions for any person or entity interested in participating...
Source: jdsupra.com
'All cash all the time': Drug rules make banking pot money tricky
How to bank potential billions from legal marijuana remains a thorny question as federal banking regulations treat cannabis as an illegal drug.
Source: delmarvanow.com
Federal banking rules make funding Maryland cannabis industry tricky
With less than a week left in Maryland’s legislative session, most elements of Maryland’s plan to create a legal market for cannabis have been decided. Bills on track to pass establish details like licenses to be allotted, the types of operators allowed, and provisions to create an equitable market for a likely billion-dollar industry.
Source: marylandreporter.com
Federal banking rules make funding MD cannabis industry tricky
How to bank money from Maryland's marijuana industry is still a thorny question in light of federal banking regulations that treat it as illegal drug money.
Source: thedailyrecord.com