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Showing 42 articles for
banking

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?

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.

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