Why Chuck Schumer Might Act On Cannabis Banking Sooner Rather Than Later
So far, Schumer’s stance has been that marijuana legalization with social equity components should be approved before the marijuana banking bill.
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SAFE Banking Act needed to protect cannabis workers
Distributing cannabis-selling licenses to meet goals related to equity concerns has merit. But safety should be the public policy priority.
Cannabis, Bar Industries Eligible for $40B Government Bank Credit Program
Devastated bars and lounges as well as the country’s hard-hit cannabis sector will have access to $40 billion in new credit being made available via the government’s business bank during the COVID-19 crisis, its CEO said on Sunday.
A Candidate Backed Medical Marijuana. Wells Fargo Closed Her Bank Account.
Nikki Fried, a Democrat running for agriculture commissioner in Florida, has made no secret of her support for medical marijuana.
Washington State Marijuana Companies Getting Some, But Not All Banking Services
Recreational marijuana has been legal in Washington State since 2014 and increasingly, cannabis companies are finding credit unions and small community banks open to serving their basic financial needs.
BMO Marks First Foray by a Major Canadian Bank in Marijuana Sector with $175M Deal
The big banks may be starting to warm up to the marijuana sector amid a spree of fundraising deals.
Legal Pot Taxes Could Add $5B a Year to Government Coffers, CIBC says
PM has promised legal marijuana will not be a cash cow, all revenues will be spent on public health
Cannabis Banking Efforts Take Another Blow
The legal cannabis industry took another financial blow this week after the U.S. Federal Reserve announced that chartering a bank specifically for funds from cannabis businesses is “criminal.”
Federal Reserve Denies Credit Union for Cannabis
Banking regulators just said no to a financial institution that aims to be the first to serve the expanding marijuana industry in Colorado.
Bank Shutting Out Marijuana Dispensaries
Colorado Springs State Bank, the last bank in the state willing to do business openly with medical marijuana suppliers, has asked them to close their accounts.
