Browsing Tag
banking
54 posts
Feds Indict 24 in Mexico Cartel and China Drug Operation Alliance
The DEA and Department of Justice announced an operation led to the indictment of 24 individuals who allegedly laundered drug money.
Local Bank To Become First To Fully Serve Guam’s Cannabis Industry
A local financial institution in Guam announced this week the launch of a new cannabis division, becoming the first bank in the U.S. territory to serve every part of the marijuana industry.
Denver Cops Bust 23 Suspects Accused of Dispensary Burglaries
The Denver district attorney announced the arrest of 23 suspected gang members who are allegedly responsible for burglarizing more than 40 cannabis dispensaries in the Denver metropolitan area.
Chuck Schumer Says ‘Time Has Come’ To End Prohibition of Cannabis
Is the eighth time a charm in the push to allow banking services to cannabis businesses?
New Report on Cannabis M&A’s Highlights Industry-Wide Changes
A leading corporate law firm released a report this week detailing the changes and trends with mergers and acquisitions in the cannabis industry.
SAFER Banking Act Passes Senate Committee, Moves to Floor Vote
The SAFER Banking Act advanced past the Senate Banking Committee Wednesday clearing a big hurdle in the path to legal cannabis businesses potentially moving away from the dangerous cash-only system they currently operate on.
Over Eight Hundred Banks File to Allow Cannabis Businesses, FinCEN Reports
The U.S. Department of Treasury is getting hundreds more requests from banking institutions to work with cannabis businesses.
Colorado Gov. Sends Letter to Commend Biden Administration for Making Progress on Rescheduling Cannabis
Governor Jared Polis praises progress but also calls for attention to cannabis banking and other issues.
Oregon Governor Rejects Cannabis Banking Bill
The bill would have created a task force to investigate the pros and cons of a public bank to serve cannabis businesses.
Mastercard Announces Ban On Debit Card Transactions For Weed Purchases
Payment processor Mastercard has directed financial institutions to stop allowing debit card transactions for weed purchases.