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Tag: cash
Delinquent Payments Topped $3.8 Billion in 2023
PORTLAND, Ore. – Cash-starved cannabis operators left more than $3.8 billion worth of bills unpaid in 2023, according to a report from economic research...
Secrets to Retail Success in 2024
The industry experienced an exciting end to 2023. First, the Department of Health and Human Services filed a recommendation with the Drug Enforcement Administration...
Payment Processing Evolves
This article is part of a series of historical perspectives about the legal cannabis industry.
Having worked in this industry for nearly eight years, I’ve...
SAFER Banking is No Magic Bullet
When the Secure and Fair Enforcement (SAFE) Banking Act was introduced in 2017, both Democrats and Republicans were optimistic Congress would pass the bill,...
The Cost of Doing Business in Cash
Although medical or adult use is legal in thirty-eight states, four United States territories, and Washington D.C., the fight to legalize the plant on...
What You Should Know About the Bank Secrecy Act
The Bank Secrecy Act (BSA) of 1970, also known as the Currency and Foreign Transactions Reporting Act, requires banks and other financial institutions to...
6 Under-the-Radar Legal Traps You Need to Know About
Cannabis businesses face a wide variety of hurdles in getting established and starting operations, many of which can be difficult to navigate without the...
How to Navigate Four Lending Trends
The first half of 2022 was dominated by macro-related news about inflation, rising interest rates, high gas prices, supply chain issues, and a bear...
Cannabis Banking Bill Passes California Senate
SACRAMENTO, Calif. -- The California Senate has approved legislation that would set up a state bank to process cannabis business transactions.
Senators were mostly on the...