Latest In: marijuana banking

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Marijuana has its ‘fingers in everything’: Q&A with cannabis investor and ‘Big Short’ subject Danny Moses

Danny Moses is an adviser at New York-based cannabis investment group Merida Capital Partners and founder of Moses…

News December 6
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Ancillary marijuana businesses can avoid banking hurdles by turning to smaller financial institutions

Though the majority of U.S. financial institutions remain hesitant to offer accounts and loans to non-plant-touching cannabis companies,…

News November 23
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Tight funding environment weighs on marijuana companies still seeking profit

Which came first? Poor paths to profitability for North American cannabis companies or limited funding for them to build their…

News November 7
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BNY Mellon’s cannabis-limiting move highlights inconsistencies in banking but could help in the long run, sources say

Just as potential marijuana banking progress appears on the horizon at the federal level due to the U.S.…

News October 18
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California to allow state tax deductions for cannabis businesses

California cannabis businesses will be allowed to deduct expenses on their state income returns after Gov. Gavin Newsom…

News October 14
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Big banking shows more interest in serving cannabis clients after recent SAFE Act passage by US House

Banks and other financial institutions are gearing up for potential massive involvement with the marijuana industry after last…

News October 14
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California marijuana banking bill dies but might return in 2020

A bill to set up a state-run banking system for California cannabis companies died after months of legislative…

News September 10
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Thrive Capital to invest in marijuana company LeafLink

Thrive Capital Management, an investment company whose founder has ties to the Trump administration, is set to invest…

News August 7
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Alaska credit union to nix pilot banking program for cannabis-related businesses

A credit union in Alaska will soon end a program it launched to provide some marijuana businesses in…

News August 7
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