Five months before California formally legalizes recreational marijuana sales, there’s no sign that the cash conundrum will be fixed. (more…)
Tag Archives: cannabis banking
Los Angeles city leaders are looking into the possibility of setting up a public bank that would do business with..
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..
There’s so much money to be made in cannabis, but not a lot of places where you can put it...
Republican and Democratic senators on Wednesday renewed their drive to make banking easier for marijuana-based businesses in those U.S. states..
Last month compliance platform Würk raised $2 million to bring its total seed round to $3 million. (more…)
Due to difficulty in obtaining financial services and because marijuana is a “cash only” business, marijuana-related businesses (MRBs) face staggering..
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…)
Most banks remain loath to accept pot business accounts out of fear of federal money laundering laws that can consider..
