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Latest In: banking

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What banks are actually doing when they reject cannabis accounts

Banks aren't set up to reject cannabis accounts. Cannabis banking is held back by a lack of clear…

News April 17
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Can the right data convince banks to lend to cannabis operators?

The NCS Thea platform acts as a bridge between cautious financial institutions and capital-starved cannabis businesses.

News April 7
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Marijuana banking reform still needed if rescheduling occurs, report says

Rescheduling marijuana "is unlikely by itself" to solve the cannabis industry’s longstanding banking woes, according to a new…

News August 28
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Cannabis banking protections removed from House budget bill

House Republicans have stripped language containing cannabis banking protections from a federal spending bill, only 10 days after…

News June 17
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Congress could include cannabis banking in FAA, crypto bills

Supporters of long-awaited cannabis banking reform are pinning hopes on Congress packaging a marijuana bill with must-pass legislation.

News April 24
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IRS: Marijuana cash transactions aren’t automatically suspicious

Large cash transactions by marijuana businesses should not automatically be reported as suspicious, according to new IRS guidance.

News March 19
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More Republican support needed to pass marijuana banking, Schumer says

Democratic Senate Majority Leader Chuck Schumer says he is still wrangling Republican support for a much-awaited marijuana banking…

News November 22
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House speaker chaos, other priorities complicate cannabis banking bill

The refreshing wave of good news from Washington DC that buoyed the U.S. marijuana industry in late summer…

News October 13
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Cannabis banking reform bill passes key Senate hearing

The latest push for federal cannabis banking reform in the United States passed a markup hearing in the…

News September 27
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