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Signed into law on December 20, 2018, the 2018 Farm Bill may present a tremendous opportunity for banks and payments companies to provide banking, processing, and other services to the hemp industry. We expect a variety of companies to move swiftly in developing, marketing, and selling products (including CBD oil) that, until yesterday, were controlled substances. This means that banks and payment processors should be prepared for a flood of inquiries from the industry about…
President Obama has created a lot of buzz about opening the Cuban market to Americans, but it is a long way from buzz to profits.  On December 17, 2014, the President and various members of his administration announced sweeping changes in the 50-plus year economic embargo against Cuba.  Normalization of diplomatic relations, increased travel, the ability to use U.S. debit and credit cards, increased commerce, and a number of other changes almost makes one want…
It is new appointee time in the administration. Very few presidential appointees serve out even one administration, much less two, as is possible now with President Obama’s reelection. For example, the normal life of a political Deputy Assistant Secretary is only about 16-18 months. What should you do if you are asked to consider serving in a political position in the administration? The first rule is: Do not be a bystander in your own nomination and confirmation process.…