Due to difficulty in obtaining financial services and because marijuana is a “cash only” business, marijuana-related businesses (MRBs) face staggering..
Tag Archives: banks staying away from legal marijuana businesses
The state’s working group was created after California voters passed Proposition 64 that legalized adult-use cannabis in the state. (more…)
America’s cannabis industry may be booming, but its entrepreneurs are finding the all-cash business a logistical, security and administrative headache..
Banks would be able to do business with marijuana companies. (more…)
Canadian marijuana payment processor startup Merrco Payments Inc. is among a new crop of companies marrying two of today’s trendiest business..
Most banks remain loath to accept pot business accounts out of fear of federal money laundering laws that can consider..
The inability to apply for tax breaks and the lack of banking options for weed workers could change, if a..
States that have legalized marijuana are working on regulatory fixes to allow the cannabis industry the access to banks that..
