To date, no bank that has dared work with marijuana, but that hasn’t given most of them the peace of mind to engage in this practice consistently like they do with other business sectors.
Marijuana companies seeking offshore European tax havens to set up shop, look no further; the Isle of Man is about to loosen its cannabis laws.
Pot stocks have been relatively flimsy this week since a report from Statistics Canada showed that cannabis consumption hasn’t changed much since the legal pot market was rolled out.
Pitchbook recently released its 2018 results for cannabis related investments, and the data is impressive: 139 deals scooped up a whopping $881 million.
Credit Union 1’s pilot program in Alaska can make a positive difference, especially by lessening various risks caused by an all-cash cannabis industry.
Cannabis and cryptocurrency have complementary business models that are likely to bolster one another as adoption – in both – becomes more widespread.