Browsing Tag
banking
51 posts
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.
The Vibes Are Off
If I were to search my phone for the most sent and received phrase during 2022, it would almost certainly be, “the vibes are off.”
Former Congressmember, NBA Athlete Create Alternate Cannabis Banking Solution
Token Hifi offers a new banking solution to help business owners.
SAFE Banking Act Left Out of Defense Spending Bill
Legislation that would grant legal cannabis businesses access to banking services was left out of the latest version of a defense spending bill released this week.