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Tag: banks
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...
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...
House of Representatives Approves Cannabis SAFE Banking Act
WASHINGTON, D.C. – The U.S. House of Representatives today, in a historic vote, approved legislation that would allow legal cannabis businesses access to banking...
Progress for the Cannabis Industry on Banking?
Although the cannabis industry is experiencing unprecedented growth, there still are obstacles preventing the it from reaching its true economic potential. One of the...
SBA Policy Change Chills Loans for ‘Cannabis-Related’ Businesses
WASHINGTON D.C.–A recent policy change at the Small Business Administration (SBA) would prevent any businesses associated with the cannabis industry from accessing SBA-backed loans–even...
Bill for Cannabis Banking Gets First Committee Approval
SACRAMENTO–The Banking and Financial Institutions Committee on Wednesday unanimously approved a bill that would allow limited merchant banking for cannabis businesses in California.
Senate Bill...