Tag Archives: banking

Illinois’ medical marijuana industry is about to lose its main bank

SPRINGFIELD, Ill. (AP) — Illinois medical marijuana companies may have to deal in cash because the main bank serving them is withdrawing from the industry. The Bank of Springfield informed cannabis clients last month it would close their accounts May

Sens. Lisa Murkowski, Jeff Merkley pinning new marijuana banking measure to SAFE Banking Act

Published: Mar 16, 2018, 12:16 pm • Updated: Mar 16, 2018, 12:16 pm By The Associated Press FAIRBANKS, Alaska — Alaska Republican Sen. Lisa Murkowski and a bipartisan group of senators are pushing legislation that would allow legal marijuana businesses

Feds working on new marijuana banking guidance, Treasury Secretary Mnuchin tells Congress

Published: Feb 15, 2018, 11:29 am • Updated: Feb 15, 2018, 12:00 pm By Alex Pasquariello, The Cannabist Staff Issuing updated marijuana banking guidance is “at the top of the list” for the U.S. Treasury Department, according to Sec. Steve

Denver cannabiz-focused credit union gets OK from Federal Reserve — with conditions

Published: Feb 6, 2018, 3:35 pm • Updated: Feb 6, 2018, 5:50 pm By Alicia Wallace, The Cannabist Staff A Denver credit union aiming to serve the marijuana industry has received a Federal Reserve Bank’s blessing — albeit a conditional

Could Sessions’ marijuana policy shift benefit the cannabis industry in 2018?

Published: Jan 24, 2018, 1:23 pm • Updated: Jan 24, 2018, 1:24 pm By Bruce Kennedy, The Cannabist Staff Uncertainty interjected into the cannabis industry earlier this month by U.S. Attorney General Jeff Sessions could create new opportunities for the

Senators to U.S. Treasury: Preserve marijuana banking access

Published: Jan 19, 2018, 1:01 pm • Updated: Jan 19, 2018, 1:11 pm By Alex Pasquariello, The Cannabist Staff A bipartisan group of 15 senators on Thursday joined the chorus of Congress members calling on the U.S. Treasury’s Financial Crimes

Congressmen: Rescinding marijuana banking guidance would be ‘dangerous and imprudent’

Published: Jan 17, 2018, 12:32 pm • Updated: Jan 17, 2018, 1:03 pm By Alicia Wallace, The Cannabist Staff Longtime congressional proponents of marijuana banking provisions are urging the U.S. Treasury’s Financial Crimes Enforcement Network to keep intact marijuana banking

19 state attorneys general back Colo. Rep. Ed Perlmutter’s marijuana banking bill

Published: Jan 16, 2018, 12:57 pm • Updated: Jan 16, 2018, 5:19 pm By Alex Pasquariello, The Cannabist Staff A bill introduced by Colorado Rep. Ed Perlmutter that would allow banks to serve marijuana-related businesses without fear of penalties from

What now? Experts and politicians weigh in on potential impact of Sessions’ rollback of marijuana policy

Published: Jan 4, 2018, 2:28 pm • Updated: Jan 4, 2018, 7:55 pm By Alicia Wallace, The Cannabist Staff Days after California became the largest U.S. state to initiate regulated sales of cannabis to adults, a wave of uncertainty has

A melted mess of gold, silver: Marijuana farmers’ savings plans all too vulnerable

Published: Nov 10, 2017, 7:01 am • Updated: Nov 10, 2017, 7:01 am By Joe Mozingo, Los Angeles Times REDWOOD VALLEY, Calif. — She knew just where she had buried the gold and silver coins — down a ravine from

Crowdfunding site shuts down campaign for California cannabis farm fire victims

Published: Oct 18, 2017, 8:39 am • Updated: Oct 18, 2017, 10:39 am By The Cannifornian, The Cannabist Staff An online payment company has shut down a fundraising campaign set up to support cannabis cultivators who’ve been impacted by the

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