Banking
Banking on Financial Reform for the Cannabis Industry in 2020
Despite the challenges, an increasing number of financial institutions across the U.S. are setting up accounts with licensed cannabis, CBD, and hemp ……
Cannabis Businesses Continue to Struggle with Banking Issues
Cannabis growers and retailers can—and often are—denied the right to open a bank account, but they are not the only ones. Landlords,…
House Financial Services Committee Will Hear Cannabis Banking Bill Next Week
With a new Democratic majority in the U.S. House, the movement of cannabis bills in committee is expected to be smoother. The…
The Perilous Practice of Pot Banking
Business owners like Benton pay federal taxes on their company's legal, hemp oil-derived income, but cannot legally bank in the United States….
Federal cannabis bill would help California marijuana businesses get banking
A bipartisan effort in Congress to ease federal restrictions on cannabis, which President Trump said Friday he is inclined to support, would…
Cannabis Banking Blues: How Best To Get A Bank Account
In my previous post, I wrote about avoiding the scammers that abound when it comes to cannabis banking. Because cannabis is federally…
California Cannabis Banking Bill Clears Senate, Heads to Assembly
Bob Hertzberg, D-Van Nuys, would enable banks to issue checks to cannabis business accountholders to be used for the following purposes:….
Federal Banking Law Still Keeps Budding Cannabis Industry From Opening Accounts
Since California became the first state to legalize medical marijuana more than two decades ago, the legal cannabis industry has grown in…
Marijuana News Roundup: Senators Urge Banking Overhaul for Cannabis Businesses
A big problem facing nearly all marijuana businesses in states where … marijuana extracts — notably cannabidiol, or CBD — are indeed…