Tag: banking

While it's not unreasonable that we will see the Safe Banking Act sail through the House yet in 2019, the Senate isn’t going to touch this bill with a ten foot pole.

One investment banker says Canada “blew it” with regard to legalization, thanks to severe provincial and marketing regulations placed on the industry

This could be the year when marijuana businesses finally get to stop socking away loads of cash as if they were in the show "Breaking Bad" and open up a bank account.

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.

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.

One of the most dangerous aspects of the cannabis industry is that it is forced to operate as a mostly cash businesses.

A new study reveals the amount of security that currently exists, especially online, is exhausting. Analytic software firm FICO commissioned a study of 2,000 American adults and 81 percent said there are way too many unnecessary security measures.

The New York Department of Financial Services (DFS) is urging state-chartered banks and credit unions to work with fully compliant medical marijuana business.

Marijuana businesses waiting to deposit their cash in the bank will have to continue waiting, as an amendment that would’ve allowed those businesses to...

In my previous post, I wrote about avoiding the scammers that abound when it comes to cannabis banking. Because cannabis is federally illegal, getting...