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Banking

Financial Services

The Budding U.S. Cannabis Industry Needs Normal Access to Business Banking and Insurance

Systemic barriers to basic banking and insurance services are muffling the cannabis boom much more than is generally realized.

Why the Trend of Going Public in Canada May be Ending

U.S. cannabis companies feel more positively than ever about the future of the industry and trading publicly here.

The Politics of Reforming Federal Marijuana Laws Increasingly Favors the Reformers

Business interests and public opinion clearly favor ending prohibition but the status quo still has a lot of momentum.

U.S. Bank Subsidiary Backs Out of Handling CBD Payment Processing

Hemp and CBD are legal but not yet legal enough for risk-adverse bankers.

Cannabis Banking Bill Wins Approval in Crucial House Committee

The fate of the SAFE Banking Act is far from certain but there is progress to celebrate.

More From This Topic

Cannabis

Federal Regulators Are Blocking the Cannabis Boom but Congress Keeps Them In the Way

The Federal Reserve and FDA want Congress to clarify how to regulate a product that, strictly speaking, is prohibited.
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With Democrats in Control, House Looks at Ending Cannabis Banking Restrictions

The federal government taxes cannabis mercilessly, and all in cash.
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Your Cannabis Company Can Get a Bank Account but Not Easily

Opening an account is challenging but in many states banks are increasingly accepting deposits from of cannabis companies.
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Cryptocurrencies Could Solve 2 Big Problems for the Cannabis Industry

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She Co-Founded One of the First Investment Funds in the Cannabis Industry

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New York Officials Urge Banks to Work With Marijuana Industry

New York state officials, including the governor, have gone on the record saying cash-only businesses are a public safety problem.
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A Tale of Neighboring Countries and Their Very Different Legal-Marijuana Banking Systems

Federal law all but requires legal marijuana to operate strictly in cash, while in Canada banks are helping that nation's cannabis industry boom.
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California Studies Viability of a Public Bank for Marijuana Businesses

Exclusion from federally regulated banks is a big problem for the cannabis industry that California is considering how to solve.
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Cannabis Industry Heads to Washington to Tell Congress What It Needs to Thrive

Legal marijuana is on track to soon be a $40 billion industry. It could be much bigger still if Washington allowed it.
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Illinois Asks Trump to Let Banks Take Medical Marijuana Business

Federal rules effectively barring marijuana businesses from using banks stymie the medical marijuana industry.