Paychex ceasing direct deposits, other services to cannabis firms
U.S. cannabis operators are scrambling to find a new payroll provider after receiving a memo from Paychex advising…
News March 31
Latest In: cannabis banking
Opinion: What the demise of Silicon Valley Bank means – and does not mean – for cannabis finance
Any disruption to the economy - particularly when it involves banks - is disconcerting and potentially impactful to…
News March 17
Opinion: How to handle accounts receivable as inflation eats at cannabis profits
Inflation has had a substantial detrimental impact on the cannabis market, particularly in terms of how it is…
News January 5
Is SAFE Banking a threat to cannabis-specific finance companies?
Cannabis-focused finance, security and insurance company operators that emerged to fill gaps through federal prohibition have a strong…
News November 15
Michigan cannabis company Fluresh arranges $48M in new debt, refinancing
Vertically integrated Michigan cannabis operator Fluresh announced $25 million in new debt from an unspecified "federally regulated commercial…
News April 28
Massachusetts banks increasingly eyeing high-growth marijuana industry
While some banks still shy away from cannabis, others increasingly are embracing the industry, as evidenced by a…
News March 16
Access to marijuana banking services increasing over pandemic levels
The number of financial institutions actively providing services to state-legal marijuana businesses increased to 755 as of Sept.…
News March 4
US House passes measure that includes cannabis banking
The U.S. House of Representatives passed an American competitiveness bill Friday that includes legislation that would enable banks…
News February 4
Outlook dim for US marijuana legalization in 2022, but banking reform alive
The federal marijuana reform landscape in 2022 is cloudy, with most national insiders doubting a comprehensive legalization bill…
News January 12Featured
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