SAFE Banking Act Left Out of Defense Spending Bill
A bid to include the SAFE Banking Act in a must-pass defense spending bill has failed, leaving advocates searching for a way […]
Category: banking
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Dispensaries’ Cashless ATM Transactions Get The Ax
Cannabis dispensaries in several states were left scrambling to find ways to process transactions without cash when a popular workaround to federal […]
New Poll Shows Overwhelming Support for Cannabis Banking Legislation
Nearly two-thirds of U.S. voters support legislation to allow the banking industry to provide financial services to legal cannabis businesses, according to […]
Meet the CLIMB Act, a new bipartisan cannabis banking bill
The new CLIMB Act would help cannabis businesses access banking services, and list on the stock exchange. It emphasizes small, minority-owned businesses. […]
Majority of Americans Want Congress to Act on Cannabis Banking
According to data collected in a national survey, released March 8, conducted by Morning Consult, and on behalf of the American Bankers […]
24 Governors Call On Congress to Pass Cannabis Banking Bill
The governors of 24 states and U.S. territories sent a letter to congressional leaders on Thursday calling on lawmakers to pass legislation […]
The dangers of running a multimillion-dollar cash business
Danger runs high for cannabis businesses forced to house large sums of cash. Here’s how one cannabis business survives. The post The […]
Michigan Cracks Down on Cannabis Banking Through Credit Unions
In the U.S., banks and credit unions are reluctant to work with cannabis businesses because of the federal illegality of cannabis.
South Dakota May Let Banks Choose Whether To Work with Cannabis
While it would be a great step in the state if the bill passes, there are some downsides.