In July 2025, a bipartisan coalition of 32 state and territorial attorneys general (AG) sent a letter to Congressional leaders urging the passage of the Secure and Fair Enforcement Regulation (SAFER) Banking Act. Their letter...more
8/6/2025
/ Anti-Money Laundering ,
Banks ,
Cannabis-Related Businesses (CRBs) ,
Dispensaries ,
Financial Institutions ,
Financial Services Industry ,
Legalization ,
Marijuana Related Businesses ,
Proposed Legislation ,
Regulatory Agenda ,
Regulatory Oversight ,
Regulatory Reform ,
Retail Market ,
State Attorneys General
In a February 19 complaint filed in Arizona state court, Texas-based payment processer Switch Commerce LLC argued that multistate cannabis operator Trulieve Cannabis Corp. and its affiliates should be responsible for a...more
3/17/2025
/ Anti-Money Laundering ,
ATMs ,
Banks ,
Enforcement Actions ,
Financial Institutions ,
Financial Services Industry ,
Fraud ,
Marijuana Related Businesses ,
Payment Processors ,
Regulatory Requirements ,
Retail Market ,
Retailers ,
Visa Inc
I. Introduction -
Effective on January 1, 2024, the Corporate Transparency Act (CTA) will require all nonexempt entities to report certain identifying information of its beneficial owners (as defined below) and company...more
11/15/2023
/ Anti-Money Laundering ,
Beneficial Owner ,
Cannabis-Related Businesses (CRBs) ,
Commodity Exchange Act (CEA) ,
Corporate Transparency Act ,
Financial Crimes ,
Financial Institutions ,
FinCEN ,
Marijuana Related Businesses ,
Money Laundering ,
Reporting Requirements