Wednesday, December 18, 2024

banking

Cannabusiness

California Cannabis Banking: Financial Institutions Get Some Cover

Jihee Ahn -
The goal of Assembly Bill 1525 is to make it easier for financial institutions to adhere to federal reporting requirements.
Cannabis

More Proof That Marijuana Banking SAFE Act Is Dead

Mike Adams -
Senate Majority Leader Mitch McConnell isn’t at all interested in helping forward the legal weed movement. Not one bit.
Cannabis

Don’t Hold Your Breath For Marijuana Banking In 2019

Mike Adams -
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.
Cannabis

Did Canada Blow Its Chance To Be The World Cannabis Leader?

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

This Is How Marijuana Banking Could Be Revolutionized This Year

Mike Adams -
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.
Cannabis

What Will Congress Do With Cannabis Banking Following Initial Hearings?

Mike Adams -
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.
Cannabis

New Alaskan Pilot Program Will Offer Banking Services To Weed Businesses

Nicole Skrobin -
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

Legal Marijuana States Beg Congress For Banking Protections

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