Joey Pena

Fed Reserve chair: Without lawmakers’ guidance, banks can’t take cannabis money

The chairman of the Federal Reserve signaled at a news conference the central bank is not prepared to give federally chartered banks a green light to serve marijuana businesses in legal markets – at least until lawmakers clarify discrepancies between state and federal law. “This is a very difficult area, because many state laws permit […]

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Alaska eyes new tax tier for cannabis cultivators in face of black-market demand

Alaska’s Department of Revenue is mulling a third tax tier for cannabis cultivators in an apparent bid to make the state’s legal marijuana prices more competitive with the black market. That’s according to Ken Alper, director of the state’s tax division, who was speaking at Alaska’s Marijuana Control Board on Wednesday. Here are the basics […]

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