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Tag: banking
The $7B Cashless ATM Workaround Is Closing Fast
LOS ANGELES – Dispensaries and delivery services across the country are scrambling for alternatives to replace the popular so-called cashless ATM payment option that...
Opinion: Main Street and the State of the American Dream
May you live in interesting times.” Whether you perceive those words as a curse or a call, we are indisputably living through incredibly interesting...
The Turnaround Guys
While most of the industry sees the looming landmark of federal legalization as the moment the market’s potential will be unleashed, those with a...
The American Voter Supports Cannabis Business Banking Access
WASHINGTON, D.C. - A new poll has revealed a majority of American voters support allowing legal cannabis businesses to access banking services. The survey,...
The CLIMB Act Would Greatly Expand Access to Financial Services
WASHINGTON - The Capital Lending and Investment for Marijuana Businesses (CLIMB) Act was introduced Thursday by U.S. Congressmen Troy A. Carter, Sr. (D-LA) and...
A Bipartisan Omnibus Bill Is Gaining Steam in Congress
WASHINGTON - Senate Majority Leader Chuck Schumer (D-NY) reportedly is discussing with other congressional leaders a bipartisan omnibus cannabis bill that would grant new...
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...















