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banking

Uruguay Setting up New Cannabis Shops After Challenge by Banks

Banks are refusing to deal with companies linked to cannabis in order to follow international financial laws that ban receiving money tied to the drug, pharmacists and officials said.

Hawaii Says It’s 1st State to Go Cashless for Cannabis Sales

Hawaii said Tuesday that it will be the first state to require marijuana sales to be handled without cash, saying it wanted to avoid robberies and other crimes targeting dispensaries.

Would a ‘Public Cannabis Bank’ Really Work in California?

California officials are intrigued by the idea of a state-sponsored bank to work with the cannabis industry. It wouldn't be easy.

‘First Green Bank’ Is Florida’s First to Serve Cannabis Industry

Orlando-based First Green Bank is giving new meaning to its name by offering financial services to cannabis businesses.

Inside a Nerve-Rattling Trip to Pay Cannabis Taxes in Los Angeles

California expects to collect $1 billion a year in new cannabis tax revenue. But governments will likely miss out on money without an easy, secure way to pay.

LA Proposals Would Ban Most Dabs, Create Cannabis Bank

Council President Herb Wesson wants to outlaw extraction using volatile chemicals. Bright side: He also wants to start a cannabis bank.

PNC Bank Closes Marijuana Policy Project Account

For 22 years, the Marijuana Policy Project has conducted its banking with the PNC Financial Services Group. The long relationship was severed yesterday.

California Asks Major Insurance Carriers to Cover Cannabis Industry

Despite legalization, large insurance carriers have generally stayed away from the industry. California wants to change that.

With Big Banks Absent, IRS Gears up for Flood of Tax Cash

For cannabis businesses looking to make timely payments to the tax man, a new program is a welcome gesture—even if it won’t actually help many people.

Illinois Treasurer Asks Trump to Assure Banks on Cannabis

The Illinois treasurer has sent President Donald Trump a letter urging him to give clear guidance to the banking industry about medical marijuana.

Elizabeth Warren Wants to Get the Cannabis Industry Out of Banking Limbo

Sen. Elizabeth Warren is leading an effort to ensure vendors working with cannabis businesses don't have their banking services taken away.

Senators Call for Cannabis Banking Reform

A bipartisan group of Senators contacted a federal financial institute asking for guidance on the woes of banking in the cannabis industry. Will they respond?

Next Milestone for Alaska’s Young Cannabis Industry: Paying Taxes

At least initially, Alaska's legal cannabis businesses will have to make tax payments to the state by dropping off or mailing bundles of cash.

PotCoin: Can the Cryptocurrency for Cannabis Live up to Its Hype?

PotCoin promises to bring convenient, anonymous purchases to the legal cannabis market. But can it deliver?

State of the Leaf: Are Dispensaries (Finally) Coming to Michigan?

Canadian banks pull plug on medical marijuana clients, New Jersey OKs cannabis for PTSD, and U.K. report says ignoring medical benefits is "irrational."

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