In this article John Vardaman explains the landscape of the current legal protections for those in the marijuana banking industry. As New York considers legalizing the recreational use of marijuana...
On January 4, 2018, then Attorney General Jeff Sessions announced the rescission of the Cole Memo, the document that set out the DOJ’s “hands off” approach to state-legalized marijuana, including…
According to a report released by the Financial Crimes Enforcement Network (FinCEN) for the period ending June 30, 2018, there are 441 U.S. depository institutions providing banking services…
On January 4, 2018, Attorney General Sessions issues a memo formally rescinding years of DOJ guidance, most notably the 2013 Cole Memo, that laid out the federal governments hands-off approach to to state legalized marijuana.…
Banking marijuana-related businesses (MRBs) poses some unique compliance challenges. Fortunately, Hypur has developed solutions for them. There is a widely held assumption among financial institutions that…
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The Obama Administration decided as a matter of policy to permit state legalization of marijuana initiatives to proceed without federal intervention, except in extraordinary circumstances...
Regulatory expectations surrounding banking money service businesses are a frequent source of confusion for financial institutions. Many financial institutions are surprised to receive deficiencies and matters…
