Cannabis.net sat down with new payment solutions processor Vector Payments on why it is so difficlut to get a merchant account for CBD products as well as cannabis products right now…and how they solved that problem! Why is it so hard to get a merchant account if you are dealing…
What You Need To Know Before Opening A Bank Account Data from the Associated Press tells us that there are now more than 300 banks and credit unions in the United States transact with cannabusinesses. With over half the country’s states operating with a legal cannabis law in one form…
Published: Jun 29, 2017, 6:23 pm • Updated: Jun 29, 2017, 6:51 pm By Alicia Wallace, The Cannabist Staff After being on the favorable end of a “historic” ruling in federal court, a Denver marijuana credit union will again apply for a master account with the Federal Reserve Bank of…
Cannabis Merchant Account Crackdown President Trump and Attorney General Jeff Sessions completely scared off financial service providers. Major companies like Paypal, Square, and Stripe purged companies selling ancillary marijuana products around January and February earlier this year. Entrepreneurs speculate that this happened because Trump’s brilliant idea of suggesting that the…
Published: Dec 6, 2016, 9:02 am • Updated: Dec 6, 2016, 2:03 pm By Alicia Wallace, The Cannabist Staff Florida’s size and large percentage of elderly residents could vault the state to the second-largest U.S. medical cannabis market by 2020, a new report shows. By 2020, Florida could be tallying…
There are 67 counties in Pennsylvania, and when it comes to marijuana possession arrests, not all counties are created equal in Pennsylvania. Philadelphia decriminalized the personal possession of marijuana and saved over one million dollars in the first year, and Pittsburgh recently passed a measure to do the same. There…