Fewer banks work with cannabis biz due to COVID, feds say (Newsletter: September 8, 2020)

Fewer banks work with cannabis biz due to COVID, feds say (Newsletter: September 8, 2020)

Kamala Harris calls out discriminatory marijuana enforcement; New congressional CBD bill; VA lawmakers vote to ban cannabis searches Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. (function() { window.mc4wp = window.mc4wp || { listeners: [], forms: { on: function(evt, cb) { window.mc4wp.listeners.push( { event : evt, callback: cb } ); } } } })(); Email address: Leave this field empty if you’re human: Your support makes Marijuana Moment possible… By starting a $10 per month pledge on Patreon—or about 45 cents per issue of this newsletter—you can help us rely less on ads to cover our expenses, hire more journalists and bring you even more marijuana news. https://www.patreon.com/marijuanamoment / TOP THINGS TO KNOW The Treasury Department’s Financial Crimes Enforcement Network reported that fewer banks and credit unions are working with marijuana businesses—and that “government imposed quarantine restrictions” amid the coronavirus pandemic may be partly to blame. Democratic vice presidential nominee Sen. Kamala Harris (D-CA) cited marijuana enforcement as an example of the U.S.’s discriminatory criminal justice system in a new interview. “It does us no good if we want to solve those disparities to pretend they don’t exist. You can look at, for example, marijuana offenses. Equal use between the white population and the black population, but black people are exponentially more likely to be arrested and prosecuted for those offenses.” Reps. Kurt Schrader (D-OR) and Morgan Griffith (R-VA) filed a…

Excerpt only …
READ MORE BELOW
Source : MJ moment
Link to original : Fewer banks work with cannabis biz due to COVID, feds say (Newsletter: September 8, 2020)
reposted by Cannabis News World

This site uses Akismet to reduce spam. Learn how your comment data is processed.