The SAFE Banking Act is no longer in the National Defense Authorization Act and therefore will not pass in this Congress. For weeks, both industry sources and Congressional sources have been predicting that SAFE would pass in...more
Happy New Year and welcome back as The Blunt Truth begins its seventh year of publication. ...more
Marijuana is estimated to be a $10 billion industry and rapidly growing. Almost all of it is conducted in cash. Although legal in thirty three states plus Washington, D.C., Puerto Rico and Guam, marijuana remains illegal at...more
5/7/2019
/ Banking Regulators ,
Banking Sector ,
Controlled Substances Act ,
Criminal Proceeds ,
Decriminalization of Marijuana ,
Dispensaries ,
Distributors ,
Financial Institutions ,
Financial Services Industry ,
Financial Transactions ,
FinCEN ,
Legislative Agendas ,
Manufacturers ,
Marijuana ,
Marijuana Related Businesses ,
Money Laundering ,
SAFE Act ,
Safe Harbors ,
Suspicious Activity Reports (SARs)