Tag: banking
Big Push to Reform Cannabis Banking Regs Renewed Ahead of Midterms
Members of the cannabis industry are intensifying their push to get a banking reform bill passed ahead of the November midterm elections.
Industry members are...
SAFE Banking Act Reintroduced in the U.S. Senate
WASHINGTON, D.C. – Following last week’s reintroduction of the Secure and Fair Enforcement (SAFE) Banking Act in the House of Representatives, the bill has...
House Democrats Include Cannabis Banking Provision in Heroes Act 2.0
WASHINGTON, D.C. – House Democrats this week introduced a revised stimulus bill to offset economic hardship incurred due to the ongoing COVID-19 pandemic. The...
FinCEN Guidelines Clarify Due Diligence Requirements regarding Hemp Businesses
WASHINGTON, D.C. – The U.S. Treasury Department Financial Crimes Enforcement Network (“FinCEN”) at the end of June issued guidelines for financial institutions that clarified...
Weedmaps Grand Jury Subpoena Raises Concerns for Entire Cannabis Industry
IRVINE, Calif. – Ghost Management Group LLC, parent company of online cannabis platform Weedmaps, in September received a subpoena naming dozens of businesses and...
Are Cannabis Entrepreneurs Prepared to Navigate COVID-19’s Challenges?
The global outbreak of COVID-19 has created alarming headwinds with no clear end in sight for nearly every industry. In the coming months, businesses...
Four Pivotal Pieces of Legislation Will Change Colorado’s Cannabis Industry
With the start of 2020 comes a host of new legislation aimed at the Colorado cannabis industry. The state continues to be a preeminent...
Cryptocurrency Won’t Solve the Industry’s Payment Issues
It’s time to make a bold statement: Cryptocurrency has no place in the cannabis industry. Every time a new cryptocurrency payment option launches and...
Finding Financial Solutions in the Cannabis Industry
Finding reliable banking and payment processing in the cannabis industry is extremely challenging. On the one hand, cannabis has been legalized in several states...
Will New Hemp Guidelines in Banking Lead to Opportunities for Cannabis?
At the beginning of December, the CBD industry received welcome news: Five different federal banking regulators came together and issued guidance to banks with...
