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.
Two Oregon lawmakers plan to introduce an ambitious marijuana law reform package in Congress Thursday, proposing a raft changes that could wipe away thousands of pot-related criminal convictions and make life much easier for everyone involved in the legal weed business.
Business clients with Scotiabank, Royal Bank scramble to find other financial institutions.
As a lawyer for the Cannabis industry, Steve Schain says he helps entrepreneurs, “dodge landmines” and hold onto their revenue.
The businesses have no access to traditional banking
Running a marijuana business is more than a pipe dream, says Justin Breidenbach: It’s about taxes, banking, liability, supply and demand.
Banking regulators just said no to a financial institution that aims to be the first to serve the expanding marijuana industry in Colorado.
Less than a month after holding a fundraiser on the sidelines of a Colorado marijuana conference, Sen. Rand Paul, R-Ky., is joining the fight to give America’s growing legal marijuana industry access to banking services.
Tommy Chong, the man most famous for pot-infused "Cheech and Chong" movies and whose name is already on marijuana deodorizing wipes