There’s lots of new weed money flowing through Nevada and other places where pot’s recently legal. But casinos on The..
Tag Archives: federal banking regulations
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..
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...
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..
