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Showing 46 articles for
banking

Congressional Committee Discusses How to Legalize Cannabis

While lawmakers seemed to agree on the need to end cannabis prohibition, Wednesday’s hearing highlighted tensions between competing visions of what reform should look like.

Michigan Governor Taking Lead on Cannabis Reform

Gov. Gretchen Whitmer lobbies Congress on banking reform. It's a good sign for the state's coming adult-use industry.

Eaze Hit With Lawsuit Over Credit Card Payments

New lawsuit claims Eaze sidestepped restrictions on credit card transactions for cannabis purchases in order to gain an unfair advantage over competitors.

Congress Eyes New Way to Allow Cannabis Banking, DC Sales

Provisions in a proposed federal spending bill would protect banks that work with the cannabis industry and would finally allow Washington, DC, to greenlight retail cannabis sales.

Enough Talk! Congress Takes Action on Key Cannabis Legislation

Congress made progress on two of the most prominent cannabis reform bills this week, setting up key votes that could greenlight cannabis banking and OK state-level legalization.

In Congress, a Changed House Finally Looks at Cannabis Banking

The US House is finally taking up a key issue: banking and other financial services for the new industry.

Los Angeles Will Vote on a Cannabis Bank

The cannabis industry’s all-cash problems are forcing the city of Los Angeles to lead a financial revolution.

World’s First Cannabis Bank Advances in California

A bill to create a state-charted bank serving the cannabis industry passes a crucial vote in Sacramento.

Keeping a Close Eye on Protocol, Canadian Banks Warm Up to Cannabis

With Canada’s recreational cannabis sales expected to reach $6 billion within three years, the industry is presenting big banks with an opportunity that some see as too good to pass up.

Cannabis-Friendly States Want Meeting With Jeff Sessions

California, Oregon and other states are seeking a meeting with the AG in hopes of resolving the conflict between federal and state laws that has left the nation's cannabis industry in legal limbo.

Did Jeff Sessions Cause a Washington Cannabis Lab to Lose Its Loan?

Cannabis testing laboratory Confidence Analytics had a good working relationship with Banner Bank, its owners say. Then Jeff Sessions was appointed.

Cannabis Credit Union Gets Go-Ahead From Federal Reserve

Colorado's Fourth Corner Credit Union can only serve ancillary cannabis businesses, not companies that touch the plant.

‘It Is Not a Major Public Health Hazard’: The Week in Cannabis Quotes

We’ve got hysteria over “scromiting,” another debunking of the gateway drug theory, support for legal cannabis in Ireland, reciprocity hypocrisy, and more.

‘Human Rights? Lay Off, That Is None of Your Business’: The Week in Cannabis Quotes

Philippines President Duterte dismisses those pesky human rights violations, a 12-year old girl/badass sues Jeff Sessions, a former wrestler verbally bodyslams some nosy cops, and more.

Why Cannabis and Cryptocurrency Have Yet to Hit It Off

It might seem a match made in heaven: cash-flush industry rejected by banks meets untraceable monetary system. So why is business still done in cash?

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