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Cannabis Banking: Is Bitcoin the Answer?

Banking in the cannabis industry is developing very slowly. A few banks and credit unions are doing business in each of the states where marijuana business is legal, but we are not seeing an explosion of services. A number of our clients have asked whether using Bitcoin makes sense. Using Bitcoin to replace having a

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Five Leading Ladies of Legalization

Women favor marijuana legalization at rates not all that different than men. It is a bit ridiculous that I even need to say this, but there is a persistent myth out there that says women oppose marijuana legalization in much greater numbers than men. But not only do women favor legalization in substantial numbers, they have helped to

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Pending Federal Case May Undo Federal Marijuana Prohibition Laws

We usually do not get excited over cases where a Federal judge is asked to deviate from Federal laws regarding marijuana — because they never do. This time, though, we are all ears, as according to The Daily Beast, this Federal judge is really listening: After a five-day hearing in California, [U.S. District Judge Kimberly

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Marijuana Merchant Processing

In February, FinCEN (the financial crimes division of the U.S. Department of Justice) issued its guidelines for financial institutions wanting to do business with the marijuana industry. Though helpful to those interested, this memo did not change federal banking laws that make banking for the marijuana industry so risky. Recently, ATMs were shut down and will be

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California Cannabis: Get Your Regulatory Act Together

Whenever one of our cannabis business lawyers speaks on what the future of recreational marijuana legalization will look like in California, we usually start by directing everyone to the Cole Memo. The primary goal of any state attempting to legalize recreational marijuana should be to avoid federal intervention, and the best way to do that

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On The Separation of Church and Pot

A Seattle church located in uber-hip Capitol Hill (Mt. Calvary Christian Center) is protesting against Uncle Ike’s, a state licensed cannabis retailer that has opened up shop next door. The church’s lead pastor claims that a cannabis retailer located within 1,000 feet of his church is “an indictment of where our society has come.” This pastor also

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Marijuana and the New Attorney General: Why You Should Care

A few weeks back, our nation’s current attorney general, Eric Holder, announced he would be resigning the position he has held since the start of the Obama administration, once his replacement is named and confirmed by the U.S. Senate. Holder’s tenure is viewed somewhat as a mixed bag — earning kudos for his efforts to

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Marijuana Political Donations: A Fine Line Between Love and Hate

A marijuana lobby or super PAC? Unheard of. Until now — thanks in large part to regulation of marijuana businesses. The legalization of marijuana is doing more than just creating new business opportunities, it is providing marijuana businesses with the need to project a strong and clear voice to lawmakers and state and federal representatives across

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How To Choose Your Cannabis Law Firm

With our blog and our Facebook page continuing to gain readers nationwide, and as our own cannabis clients expand into states in which our law firm has no licensed lawyers, cannabis businesses are regularly asking for our advice on who they should hire as attorneys in various states. Just this week we were asked about Massachusetts, Maryland,

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Industrial Hemp: And Kentucky Shall Lead Us

In What’s Up with Hemp in Washington?, we explored how Washington legalized industrial hemp with passage of Initiative 502, but has done nothing by way of regulating it for actual production. Washington’s hemp issues aside, we believe industrial hemp is not getting nearly the attention it deserves. Hemp has the potential to rise again as a