Wednesday, September 17, 2025
MWH
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop
No Result
View All Result
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop
No Result
View All Result
Marijuana with Hemp
No Result
View All Result
Home Business

Bank of America suddenly shuts down account of Marijuana Research Institute

Graham Cooper by Graham Cooper
October 19, 2021
in Business, Featured
Share on FacebookShare on Twitter
85

In a perfect example of the need for better banking rules, Bank of America sent a notice to Scottsdale Research Insitute, which is federally approved to study marijuana and psilocybin, that it would be shutting down their account in 30 days, and that the decision was final.

In May of this year, the DEA gave the Institute approval to be one of the first cultivators of marijuana used for federal research.

Sue Sisley, chief investigator at the Institute, told Marijuana Moment “We just wanted to expose wrongdoing of these big banks. [We want to] show the public that even federally legal operations are being unfairly targeted by these large banks who refuse to look at our federal regulatory documents.”

Sisley is most concerned that the bank provided “zero justification,” and just acted without warning.

“Maybe it was the mushrooms that freaked them out?”

Bank of America closes down account of Federally-licensed cannabis researcher. SRI conducts FDA approved controlled trials evaluating cannabis as medicine for treating pain/PTSD in military veterans & terminally ill patients this TRAGICALLY shuts down our research @BankofAmerica pic.twitter.com/Q0a2nFvIIX

— Sue Sisley, MD (@suesisleymd) October 16, 2021

Thankfully, Sisley states that they have been getting offers from other banks looking to fill to void left by Bank of America.

Overall, the amount of banks that work with with marijuana businesses remain steady over the years, and that likely won’t change until protections come from Congress.

Read the original story at Marijuana Moment.

Visits: 2398
Previous Post

Safe Injection Site Case Rejected by the Supreme Court

Next Post

Some Activists dressed as Apes and put up a Monolith for Drug Stance Evolution

Graham Cooper

Graham Cooper

Next Post
Some Activists dressed as Apes and put up a Monolith for Drug Stance Evolution

Some Activists dressed as Apes and put up a Monolith for Drug Stance Evolution

ADVERTISEMENT
  • Former NBA Player Smoked Cannabis Before Interviewing Kamala Harris

    Former NBA Player Smoked Cannabis Before Interviewing Kamala Harris

    0 shares
    Share 0 Tweet 0
  • Where is marijuana on the ballot in November?

    0 shares
    Share 0 Tweet 0
  • Doordash gets into the Weed Delivery Business

    0 shares
    Share 0 Tweet 0
  • Barstool Sports Delves Into the Realm of Cannabis

    0 shares
    Share 0 Tweet 0
  • Kamala Harris Didn’t Talk With Rogan About Legalization, She Should Have

    0 shares
    Share 0 Tweet 0
  • Trending
  • Comments
  • Latest
Children with Advanced Cancer may get access to medical marijuana

Children with Advanced Cancer may get access to medical marijuana

July 26, 2021
Cannabis Industry going strong with over 440,000 full time employees

Cannabis Industry going strong with over 440,000 full time employees

April 25, 2024
Hawaii Legalization Bill Dead Due To House Leader Inaction

Hawaii Legalization Bill Dead Due To House Leader Inaction

0
Cannabis Industry going strong with over 440,000 full time employees

Cannabis Industry going strong with over 440,000 full time employees

0
California and New York Cannabis Brands Fight For the First MJBowl National Champion Award

California and New York Cannabis Brands Fight For the First MJBowl National Champion Award

September 11, 2025
The New Prime Minister of Thailand Got Marijuana Decriminalized in 2022, Could Full Legalization be Coming Soon?

The New Prime Minister of Thailand Got Marijuana Decriminalized in 2022, Could Full Legalization be Coming Soon?

September 11, 2025
ADVERTISEMENT
Marijuana with Hemp

Browse by Category

  • Business
  • Featured
  • Hemp Politics
  • Lifestyle
  • Medical
  • Medical Marijuana
  • Politics

Recent News

California and New York Cannabis Brands Fight For the First MJBowl National Champion Award

California and New York Cannabis Brands Fight For the First MJBowl National Champion Award

September 11, 2025
The New Prime Minister of Thailand Got Marijuana Decriminalized in 2022, Could Full Legalization be Coming Soon?

The New Prime Minister of Thailand Got Marijuana Decriminalized in 2022, Could Full Legalization be Coming Soon?

September 11, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 Marijuana With Hemp

No Result
View All Result
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop

© 2024 Marijuana With Hemp