Latest In: marijuana banking

marijuana banking

Cannabis foes crow about MJ banking measure stalling in congressional committee

A pro-cannabis industry banking amendment stalled this week in a House of Representatives committee, and marijuana opponents quickly crowed…

News June 15
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Fed Reserve chair: Without lawmakers’ guidance, banks can’t take cannabis money

The chairman of the Federal Reserve signaled at a news conference the central bank is not prepared to…

News June 14
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West Virginia mulling payment, banking options for medical marijuana companies

In advance of the launch of West Virginia’s medical cannabis industry, the state treasurer has proposed potential solutions…

News May 14
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Michigan wants to help medical cannabis companies with banking alternatives

Michigan regulators are trying to tackle the thorny issue of banking services for companies in the cannabis business,…

News April 24
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Week in Review: Illinois’ MMJ banking, Massachusetts’ rec licensing & Florida lawsuit

An Illinois bank stops serving Illinois medical marijuana businesses, Massachusetts begins its recreational cannabis licensing process, and a…

News April 6
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Cannabis-friendly states want meeting with US attorney general

California, Oregon and other states where marijuana is legal are seeking a meeting with U.S. Attorney General Jeff Sessions…

News March 30
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Cannabis credit union accuser faces own lawsuit as questions swirl over company’s banking efforts

The legal and financial uncertainties overhanging a Colorado credit union that serves cannabis businesses have an added wild…

News February 22
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Chart: More banks serving cannabis sector, but Cole Memo repeal threatens to slow progress

The number of banks and credit unions actively serving the marijuana industry has jumped nearly 30% from a…

News February 12
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Fourth Corner Credit Union gets conditional approval from Federal Reserve for marijuana-related banking

After a 40-month battle, Colorado's Fourth Corner Credit Union, which is determined to serve marijuana-related companies, has finally…

News February 6
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