Tag Archives: cannabis business banking issues
First Green has announced that it is closing the accounts of its cannabis clients and won’t be handling their money..
The rapidly-growing cannabis industry has a cash problem, but dispensary owners around the country say cryptocurrency isn’t a miracle solution. (more…)
As Maryland’s first medical marijuana dispensaries began opening this month, some are turning to a cashless payment system they hope..
DENVER (AP) – A Colorado credit union – once on the cusp of revolutionizing banking for marijuana businesses before being..
California cannabis entrepreneurs will earn $5.2B in revenue in 2018 as recreational use becomes legal there. (more…)
California Treasurer John Chiang wants the state to consider creating a government-owned bank that could serve cannabis businesses, one of several recommendations..
One of the hardest things for a legal marijuana business to do is open a bank account, because Federal law..
The bank could also cater to cannabis businesses, who deal primarily in cash since they are illegal under federal law...
The short answer: potentially yes, but options are limited. (more…)
Lawyer Mitchell Kulick talks about cash-only cannabis dispensaries and the role federal banking laws play. (more…)
LOS ANGELES (CN) — When California voted to legalize recreational marijuana, the state immediately faced a conundrum: how to provide..
Of the many roadblocks confronting cannabis entrepreneurs, access to banking services is among the biggest and costliest. (more…)