WEED MONEY
What Cannabis Banking Could Look Like

By: Johnny McGowan, Meredith Kinner, Andrew Gargano  Cannabis has been legalized for medical or recreational use in 33 states, the District of Columbia, Guam and Puerto Rico. Despite this widespread acceptance, the $10 billion dollar  quasi-legal industry is largely prohibited from working with banks, credit unions, and credit card processors. This means the industry is […]

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Processing Consumable CBD Extracts in Virginia

Since the passage of the 2018 Farm Bill, the market for hemp-derived extracts has been growing across the nation. In March 2019, Virginia passed legislation removing many barriers to industrial hemp processing in the state, including removing the term “hemp” from the definition of “marijuana” in the Virginia Criminal Code. Following the legislation, the Virginia […]

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D.C. may make its medical marijuana program more accessible

The D.C. Council is currently reviewing the Medical Marijuana Improvement Act (the “Act”); a bill introduced in September 2017 that, if passed, would completely reform the District’s medical marijuana program. The Act would dramatically increase District residents’ access to medical marijuana by removing waiting periods and allowing same-day registration. The current application process for a […]

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