Cannabis use still lacks legal standing with the federal government. That means growers, processors and retailers can’t open accounts or..
Tag Archives: cannabis entrepreneur cope with industry banking issues
California has a possible solution to the problem of banks being unwilling to handle money from the state’s multibillion-dollar legal..
Many pot-related businesses need to be creative when it comes to banking. (more…)
California Treasurer John Chiang wants the state to consider creating a government-owned bank that could serve cannabis businesses, one of several recommendations..
Experts say the region’s legal cannabis sector could face a long and costly recovery following a series of catastrophic wildfires..
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…)
A new lawsuit in the southern Colorado city underscores the patchwork nature of laws covering social use of marijuana after..
Five months before California formally legalizes recreational marijuana sales, there’s no sign that the cash conundrum will be fixed. (more…)
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..
