First Green has announced that it is closing the accounts of its cannabis clients and won’t be handling their money..
Tag Archives: banks staying away from legal marijuana businesses
California has a possible solution to the problem of banks being unwilling to handle money from the state’s multibillion-dollar legal..
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…)
Many pot-related businesses need to be creative when it comes to banking. (more…)
In Michigan, where state regulators are still trying to sort out the rules that will govern the industry, preparations are..
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…)
