Congress could include marijuana banking in FAA, crypto bills
Advocates of marijuana banking reform believe the SAFER Banking Act could be packaged with a stablecoin bill and must-pass FAA legislation.
Advocates of marijuana banking reform believe the SAFER Banking Act could be packaged with a stablecoin bill and must-pass FAA legislation.
Large cash transactions by marijuana businesses should not automatically be reported as suspicious, according to new IRS guidance.
Democratic Senate Majority Leader Chuck Schumer says he is still wrangling Republican support for a much-awaited marijuana banking reform bill.
The refreshing wave of good news from Washington DC that buoyed the U.S. marijuana industry in late summer might have peaked, with fresh hurdles emerging that could make it harder for Congress to pass cannabis banking reform.
The latest push for federal cannabis banking reform in the United States passed a markup hearing in the Senate Banking Committee on Wednesday, demonstrating bipartisan support for allowing state-legal marijuana businesses to access financial services and setting up the bill for a full vote in the chamber.
A marijuana company’s payroll provider should focus on cannabis and not also serve mainstream businesses, MJ executives agree.
Berkshire Bank, one of the largest banks in Massachusetts, is expanding services for cannabis companies and entrepreneurs nationwide.
Cannabis industry financial services company Safe Harbor Financial announced a marijuana business banking partnership with Five Star Bank.
Meaningful action in both marijuana banking reform and the federal scheduling of cannabis are both on the table in 2023, according to MJBiz CEO Chris Walsh.
A proposed bill in Pennsylvania would shield from prosecution banks, credit unions, and insurance companies that do business with legal marijuana companies in the state.
Marijuana industry lender AFC Gamma has announced a revolving credit facility worth at least $60 million from two federally insured banks.
Vertically integrated Michigan cannabis operator Fluresh announced $25 million in new debt from an unspecified “federally regulated commercial bank headquartered in southeast Michigan,” alongside a $23 million debt refinancing from the same lender.