Showing 33 articles for
banking

‘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?

California Proposes Armored Cars to Transport Cannabis Tax Money

The armored car tax collection solution came about amid fears that operators carrying large bags of cash could be targets for theft.

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?

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