Showing 28 articles for
banking

‘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.

9 Lessons We Learned at the 2016 Emerald Cup

Held in the California's mythical Emerald Triangle, the event brought together some of the most innovative minds in West Coast cannabis.

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."

How a Cannabis Store Manager Foiled Armed Robbers in Seattle

An alert store manager, watching his employees close shop via a live video feed, sent two armed robbers straight into the arms of the Seattle police Sunday night.

Washington Wants You to Stop Paying Cannabis Taxes in Cash. Good Luck With That.

The proposal is raising eyebrows for a number of reasons, most notably because of banking restrictions for marijuana businesses.

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