For a decade, cannabis retailers have heard the same refrain from banks and payment providers: “We want to work with you, but federal law says…
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Banking
Kirsten Curry started Leading Retirement Solutions on a core principle: everybody deserves access to investment options such as 401ks. With the cannabis industry being shunned by many in the financial services sector, her mission has become even more important today.
As the chief operating officer of O Bee Credit Union, Jennifer Roberts helped develop one of the country’s first banking compliance programs for state-licensed cannabis…
Ten years ago, Jennifer Roberts introduced a pilot program for cannabis businesses in Washington state. With its innovative and determined chief operating officer taking the lead, O Bee Credit Union has held firm on its mission to serve the underserved by providing access to banking for state-licensed businesses and their employees.
We often hear the issues and challenges related to cannabis banking. In your experience, is this still a major issue for cannabis companies? Tahir Johnson…
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…
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…