Latest In: banking

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West Virginia medical marijuana sales start delayed until 2021 or 2022

In a blow to businesses hoping to quickly enter the West Virginia medical marijuana market, it could take…

News June 28
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CA Senate votes to allow banks, credit unions to accept marijuana deposits

The California Senate voted almost unanimously to pass a bill that would allow banks and credit unions to…

News May 22
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Missouri’s Triad Bank now offering services to cannabis businesses

Missouri’s medical marijuana industry has yet to launch, but that hasn’t stopped one local bank from stepping up…

News May 13
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Alaska credit union launches pilot program to serve marijuana firms

An Alaska credit union has joined the growing ranks of state-chartered financial institutions to announce plans to serve…

News November 29
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Massachusetts credit union says it will serve recreational marijuana businesses

Recreational and medical marijuana businesses in Massachusetts can look forward to having access to banking services after a…

News September 14
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FL cannabis lobbyist turned political candidate sees second bank account shut

A second bank has terminated the campaign account of Nikki Fried, a pro-medical marijuana Democrat who is running…

News September 7
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Wells Fargo closes account of Florida candidate who backs medical cannabis

In an election-year example of banks’ reluctance to affiliate with the cannabis industry, Wells Fargo terminated the campaign account…

News August 20
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New York calls on banks to work with medical marijuana industry

New York state's top financial officials have joined the growing chorus of regulators and business leaders calling on…

News July 10
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Momentum building in banking industry for support of federal marijuana reform

Banking trade groups are stepping up their support for proposed legislation and seeking better clarity from the federal…

News June 18
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