In 2013, the Obama administration signed the Cole Memorandum, which formed a federally protected shelter for marijuana companies to operate by employing a hands-off approach of non-prosecution against cannabis businesses and users who comply with state laws. However, in January 2018, Donald Trump appointed former attorney general Jeff Sessions revoked the Cole Memo, generating anContinue reading “Why Banks Do Not Want To Work With Cannabis Companies – Part II: The SAFE Banking Act and the 2018 Farm Bill”
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Yes! Cannabis! 