Banking - Page: 2

With Democrats in Control, House Looks at Ending Cannabis Banking Restrictions

The federal government taxes cannabis mercilessly, and all in cash.

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.

Cryptocurrencies Could Solve 2 Big Problems for the Cannabis Industry

Marijuana businesses are mostly blocked from banks and have onerous compliance obligations. Blockchain is a promising solution to both problems.

Scott McGovern

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

U.S. banking regulations making cannabis the toughest business there is for funding and investing.

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.

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.

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.

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.

Illinois Asks Trump to Let Banks Take Medical Marijuana Business

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

Senators Push Treasury Department to Loosen Marijuana Banking Restrictions

Senators Elizabeth Warren and Bernie Sanders want regulators to stop penalizing legitimate vendors hired by marijuana businesses left in a legal gray area between state and federal law.

Survey Finds Oregon Residents Support Banks Working With Marijuana Industry

Banks and credit unions often cite "reputational risk'' as a reason for not working with cannabis businesses but research shows there is little risk they would be stigmatized.