A total of 812 banks and credit unions filed paperwork with the federal Financial Crimes Enforcement Network as of June 30, 2023, acknowledging involvement with…
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A lack of traditional banking options has plagued the cannabis industry since Colorado first legalized adult-use cannabis through a constitutional amendment on November 6, 2012…
Recreational or medicinal cannabis is now legal in 35 states and the District of Columbia. But cannabis is still a Schedule I controlled substance under…
The Financial Crimes Enforcement Network (FinCEN), which collects and analyzes information about financial transactions in order to combat domestic and international money laundering, terrorist financing…
Looking up at the early October sky, Rob Trotter knew he had less than 10 days to harvest his 2018 crop. Although he has lost…
With the current push for the legalization of recreational cannabis across several states, the cannabis industry is being forced to face difficult choices with respect…
If you ask anybody involved in legal cannabis about their biggest concerns for the industry, banking will certainly be one of the top answers. It’s…
One of the biggest challenges for marijuana-related businesses is obtaining access to banking and other financial services. As long as marijuana remains illegal at the…
We live in a credit/cash-equivalent based economy. Yet, cannabis businesses still rely on cold, hard cash for virtually everything and face immense burdens when it…
New administration’s anti-marijuana cabinet could play a major role in restricting — or recriminalizing — state-legal businesses In just a few short years, legal cannabis…