Local Bank To Become First To Fully Serve Guam’s Cannabis Industry
Bank of Guam announced in a press release on Wednesday that the launch of “Cannabis Banking” will give it a “platform [to […]
Category: banking
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Denver Cops Bust 23 Suspects Accused of Dispensary Burglaries
Law enforcement officials in Colorado last week announced the arrest of 23 individuals for their alleged involvement in more than 40 cannabis […]
Chuck Schumer Says ‘Time Has Come’ To End Prohibition of Cannabis
Senate Majority Leader Chuck Schumer told Yahoo News! in a recent interview that believes the end to the federal cannabis prohibition is […]
New Report on Cannabis M&A’s Highlights Industry-Wide Changes
A report, issued on Tuesday by Bianchi & Brandt, “assesses the current mergers and acquisitions environment, reflects on the impact of regulatory […]
SAFER Banking Act Passes Senate Committee, Moves to Floor Vote
Cannabis companies doing legal business in their state are one step closer to potentially opening accounts with federally-insured banks after the latest […]
Over Eight Hundred Banks File to Allow Cannabis Businesses, FinCEN Reports
Banking institutions are in a race to allow cannabis businesses ahead of imminent changes in the way cannabis is classified at the […]
Colorado Gov. Sends Letter to Commend Biden Administration for Making Progress on Rescheduling Cannabis
Colorado Gov. Jared Polis recently sent a letter to President Joe Biden on Sept. 5 regarding the U.S. Department of Health and […]
Oregon Governor Rejects Cannabis Banking Bill
Oregon Gov. Tina Kotek recently rejected a bill that would have created a State Public Bank Task Force. The 19-person team would […]
Mastercard Announces Ban On Debit Card Transactions For Weed Purchases
Payment processing powerhouse Mastercard this week revealed the company is taking steps to prevent PIN-based debit card transactions for marijuana purchases, dealing […]
Former Congressmember, NBA Athlete Create Alternate Cannabis Banking Solution
Former Rep. Dan Donovan, who held his position as a New York House representative between 2015-2019, and former Indiana Pacers NBA athlete […]