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Malta in talks with 'main bank' to offer services to cannabis associations

The Home Affairs Ministry is in discussions with a “main bank” to offer services to non-profit cannabis associations.

Replying to a parliamentary question by Labour MP Cressida Galea, the minister for home affairs, Byron Camilleri, said his ministry is currently in discussions with the unnamed bank in order to ensure NGOs operating the associations can be offered banking services without added hurdles.

Anyone interested in setting up a non-profit cannabis club will be able to apply for a license as of 28 February. The Association for the Responsible Use of Cannabis (ARUC) will be opening applications this month, with licensing subject to a set of standards concerning operations, cultivation, sampling, testing, packaging, and labeling.

ARUC gave an overview of the application process and relevant criteria during its ‘Setting the Standards’ conference at the MFCC in Ta’ Qali on Friday morning.

Read more at maltatoday.com

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