Blumenauer Urges Small Business Administration to Rescind Anti-Cannabis Loan Guidance

Last month, the federal Small Business Administration released a new policy indicating that direct cannabis businesses, indirect cannabis business, and hemp businesses would be locked out of the federal agency’s lending services, according to Green Market Report’s Debra Borchardt. Last week, Oregon Rep. Earl Blumenauer wrote to SBA Administrator Linda McMahon urging her to repeal […]

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Federal SAFE Banking Act Would Normalize Banking for Canna-Businesses

The dangers, inefficiencies, and potential for loss due to the cannabis industry’s cash-dominated system are well documented – and while there are memos from both the Justice Department and the Financial Crimes Enforcement Network that provide a path for financial institutions to provide services to the industry, a federal bill filed last week would provide […]

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