Why are Less Banks Serving the Cannabis Industry Today?

Despite decades of lawmaking and lobbying, cannabis was never considered an essential business for society. Until COVID-19 hit: almost overnight, the pandemic helped the cannabis industry achieve legitimacy as a truly essential service. But while this happened, the cannabis industry was optimistic this would lead to fair access to banking…

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The $100 Million Cannabis Funding Deal-Flow Blowout – Cannabis Banks and Investors Get Ready to Break Records

The $ 100 Million Cannabis Funding Deal-Flow Blowout – Cannabis Banks and Investors Get Ready to Break Records Massachusetts event hopes to set records in funding, bank accounts, and economic empowerment investments. Massachusetts, known for its great colleges, medical care, and sports championships is quickly becoming a hot bed of…

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Legislation Passes in California Senate Allowing for Creation of Cannabis Banks

Among canna-preneurs, the most common complaint regarding everyday operations has remained the inability to establish accounts at traditional banks and credit unions. Due to conflicting federal and state law, financial institutions continue to refuse service to such companies. As a result, dispensary owners must operate in cash, which raises security…

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What Happens When the Banks Become Involved in the Cannabis Industry?

What Happens When the Banks Become Involved in the Cannabis Industry? It’s going to happen…probably this year. Who knows for sure, but the plans for getting banks involved in the Cannabis Industry is right around the corner. What would need to happen for this to occur are several events. For…

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Federal Banks are now Working with Cannabis Companies in Greater Numbers

Federal Report Shows That More Banks Are Now Welcoming Cannabis Businesses Banking has always been a major hurdle for legal cannabis businesses. Due to the cannabis’s status as a Schedule 1 substance, financial institutions including banks and credit unions, want nothing to do with pot businesses because of the burden…

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Public banks offer hope for cannabis industry

Published: Nov 6, 2017, 7:46 am • Updated: Nov 6, 2017, 7:47 am By Omar Sacirbey,  marijuana Business Daily DENVER — With most private institutions and credit unions still avoiding the legal cannabis industry, many marijuana businesses remain without bank accounts. But one idea is gaining acceptance among marijuana entrepreneurs…

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Uruguay setting up dedicated cannabis dispensaries after banks scare off pharmacies

Published: Sep 14, 2017, 8:15 am • Updated: Sep 14, 2017, 8:15 am By The Associated Press MONTEVIDEO, Uruguay — Uruguay’s government announced Wednesday that it is changing its retail system for legalized marijuana because banks are making it difficult for pharmacies to sell cannabis as planned. Banks are refusing…

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Investors and Banks Agree, Trump Can’t Stop The Cannabis Movement

Investors and Banks Agree, Trump Can’t Stop The Cannabis Movement The threat of the orange man on the green industry seems to be nothing more than that: a threat. While Jeff Sessions still intends to crack down on the industry through his “menacing” statements and plans, the industry sees it…

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