First Green has announced that it is closing the accounts of its cannabis clients and won’t be handling their money..
Tag Archives: banking accounts
DENVER (AP) – A Colorado credit union – once on the cusp of revolutionizing banking for marijuana businesses before being..
Many pot-related businesses need to be creative when it comes to banking. (more…)
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...
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..
Five months before California formally legalizes recreational marijuana sales, there’s no sign that the cash conundrum will be fixed. (more…)
The world of cannabis banking is so full of contradictions that one business can truck money to a federal facility..
Most bank risk managers appear to be taking a zero-tolerance position with regard to cannabis-related funds. But banks cannot suddenly..
DENVER — Colorado’s two U.S. Senators are leading a new bipartisan effort to provide banking for marijuana businesses. (more…)
There’s so much money to be made in cannabis, but not a lot of places where you can put it...
