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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bank
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…