Controlled Substances Act

Divided US House Committee Backs Pot Decriminalization

Michael R. Blood, Associated PressNovember 22, 2019

A divided U.S. House committee approved a proposal Wednesday to decriminalize and tax marijuana at the federal level, a vote that was alternately described as a momentous turning point in national cannabis policy or a hollow political gesture.

Opinion Reggie Jones-Sawyer

Why California Needs Banking for Legal Cannabis Operations

Reggie Jones – SawyerMay 17, 2018

Despite the cannabis market growing in 38 states, the federal government continues to assert its right to classify cannabis as a Schedule I drug under the Controlled Substances Act. This classification creates a very unique challenge for the industry to succeed and the ability to obtain banking services.