Browsing Tag
banks
10 posts
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.
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.
PNC Bank Starts Closing Marijuana Accounts—Advocates Blame Sessions
Fearing that U.S. Attorney General Jeff Sessions will make good on his threat to impose a crackdown on…
U.S. Bank Admits Criminal Failure to Stop Money Laundering to Mexico
A subsidiary of one of the largest banking corporations in the United States has admitted it failed to…
Bill That Would Allow Pot Companies to Use Banks Introduced to Congress
In a continuing effort by forward-thinking U.S. legislators to allow legal cannabis companies to open bank accounts, Rep.…
Banks Are Gouging Pot Business Simply Because They Can
While the latest data from the U.S. Treasury Department indicates that some banks are starting to serve the marijuana…
MBank to Close Cannabusiness Accounts in Oregon
Even as the state of Oregon prepares for legalized recreational marijuana on July 1, there was a potential…
Federal Banking Official Meets with Colorado Pot Shops
DENVER (AP) — A federal banking official took the unprecedented step Thursday of meeting with marijuana business owners.…
Paying for Pot Could Get Easier and Maybe Even Legal
Despite legalization of medical and recreational marijuana in nearly half the country, cash is still the only payment…