Tag: cannabis banking
Potential Municipal, State Bankruptcy Crisis Could Help End Prohibition
Financial institutions in the United States, including state-chartered banks, are inextricably intertwined with the federal banking system and federal law. Since cannabis is considered...
Managing Cash Flow Cycles
An old friend of mine is a successful Silicon Valley investor and venture capitalist. When I recently asked him what he expects of the...
The Cannabis Banking Problem and the Big Shakeup Still to Come
The cannabis industry has dramatically evolved in many ways since the first legal adult use program was established in Colorado back in 2012. One...
California Agriculture Dept. Proposes Emergency Cannabis Banking Regulations
SACRAMENTO, Calif. – The California Department of Food and Agriculture (CDFA) filed proposed emergency regulations that would implement provisions of Assembly Bill 1525 with...
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...
Changing Habits: How Cannabis Payment Processors Have Adapted to COVID-19
For most retail transactions, not much thought is given to how money is exchanged. Consumers simply rely on the use of electronic payment methods;...
Banking on Financial Reform for the Cannabis Industry in 2020
For an industry that topped $10 billion in sales in 2018,
it’s hard to believe cannabis companies still rely on bags of cash to conduct
their...
The Cannabis Payment Predicament: Don’t Be a Part of the Problem
Card transactions are a serious problem for the cannabis
industry—not because consumers can’t use them to purchase products, but because
merchants accept them. Instead of adhering...
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...
Senate Hearing Shows Federal Cannabis Banking Reform Still a Challenge
WASHINGTON, D.C. – A hearing on Capitol Hill shows that despite building momentum among the public and the U.S. House of Representatives, cannabis reformers...
