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Tag: cannabis banking
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...
An Expert Analysis of the SAFE Banking Act
On March 28, the House Financial Services Committee approved H.R. 1595, a bill designed to create protections for banks and insurers providing financial services...
Tarzana SWAT Operation at Cannabis Dispensary Finds No Suspects
TARZANA, Calif. – The investigation is ongoing into an hours-long SWAT operation that took place Monday at an unlicensed cannabis dispensary located in Tarzana, California.
According...
Fitting In and Standing Out: Portland’s Jayne Dispensary
In a hyper-competitive market, community and quality have been a winning combo for Oregon dispensary Jayne.
On the northwest edge of the Eliot neighborhood in...
Mass. Credit Union Will Work With Recreational Cannabis Businesses
GARDNER, Ma- Massachusetts recreational cannabis dispensaries could soon have access to banking services.
GFA Federal Credit Union has announced a plan to become the first...
Congressional Committee Declines to Approve Cannabis Banking Regulations
WASHINGTON, D.C. -- A congressional committee decided against amending banking rules for the cannabis industry.
If enacted, the new regulations would have prevented the U.S...