Cannabis Banking In Guam, Home Cultivation In Costa Rica, Hemp Hits Australia & More Global Updates
The Bank of Guam, which is a US territory, announced it would
introduce banking services tailored to the cannabis industry in Guam and the Northern Marianas, marking a significant step forward in the region’s financial services for Cannabis-Related Businesses (CRBs).
Launched in early 2024, the Bank of Guam became the first local bank to provide banking solutions, including deposits and loans to all tiers of the cannabis industry, ensuring compliance and security through a partnership with Green Check Verified.
Australian Hemp Strategic Acquisition, Senate Examines Cannabis Legalization
Elixinol Wellness Limited has acquired Ananda Food from Ecofibre Limited for $1.9 million, signaling a strategic consolidation within Australia’s struggling hemp sector. This acquisition aims to bolster product offerings and market presence, showcasing a renewed optimism in the hemp industry’s potential for innovation and growth.
Concurrently, Australia’s …