For a decade, cannabis retailers have heard the same refrain from banks and payment providers: “We want to work with you, but federal law says…
Tag:
Banking
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Kirsten Curry started Leading Retirement Solutions on a core principle: everybody deserves access to investment options such as 401ks. With the cannabis industry being shunned by many in the financial services sector, her mission has become even more important today.
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As the chief operating officer of O Bee Credit Union, Jennifer Roberts helped develop one of the country’s first banking compliance programs for state-licensed cannabis…
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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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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…
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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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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…
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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,…
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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.…
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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…