Ten years ago, Jennifer Roberts introduced a pilot program for cannabis businesses in Washington state. With its innovative and determined chief operating officer taking the lead, O Bee Credit Union has held firm on its mission to serve the underserved by providing access to banking for state-licensed businesses and their employees.
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Banking
We often hear the issues and challenges related to cannabis banking. In your experience, is this still a major issue for cannabis companies? Tahir Johnson…
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…
Ancillary businesses shouldn’t be at risk While the cannabis community anxiously awaits what feels like Congress’ hundredth attempt to pass the SAFE Banking Act, there…
Bankruptcy can be a helpful tool for a distressed business. It allows a business to stop collection actions, discharge certain debts and cancel unfavorable contracts,…
Failure to pass comprehensive federal cannabis reform will cause continued decline in the value of cannabis companies and fuel an already emboldened black market industry.…
In July, the Cannabis Financial Industry Group (CFIG), a national group of financial institutions and service providers, published “Program Standards for Cannabis-Serving Financial Institutions,” a…
Companies must be aware of the inherent risks With the ever-expanding legalization of medical and adult-use cannabis across the United States an ever-expanding problem is…
Will the SAFE Act or a similar federal protection for cannabis banking be approved in 2023?