A total of 812 banks and credit unions filed paperwork with the federal Financial Crimes Enforcement Network as of June 30, 2023, acknowledging involvement with…
Banking
Ancillary businesses shouldn’t be at risk While the cannabis community anxiously awaits what feels like Congress’ hundredth attempt to pass the SAFE Banking Act, there…
Bankruptcy can be a helpful tool for a distressed business. It allows a business to stop collection actions, discharge certain debts and cancel unfavorable contracts,…
Failure to pass comprehensive federal cannabis reform will cause continued decline in the value of cannabis companies and fuel an already emboldened black market industry.…
In July, the Cannabis Financial Industry Group (CFIG), a national group of financial institutions and service providers, published “Program Standards for Cannabis-Serving Financial Institutions,” a…
Companies must be aware of the inherent risks With the ever-expanding legalization of medical and adult-use cannabis across the United States an ever-expanding problem is…
Will the SAFE Act or a similar federal protection for cannabis banking be approved in 2023?
The next generation of financing is coming to cannabis Cannabis companies in the United States are at an inflection point, waiting for public financing opportunities…