Banking Bill Cannabis Industry: Page 15

DOJ Reverses Obama-Era Protections for Cannabis Industry

New policy leaves prosecutorial discretion to U.S. Attorneys.

Federal Data Shows More Banks Are Serving Marijuana Businesses

The number of depository institutions that are actively banking the cannabis industry has increased roughly 18% since the beginning of 2017.

Maryland Bank Works With State's Medical Marijuana Industry

At least two marijuana dispensaries and two growers have opened business accounts with Severn Savings Bank.

Florida's Medical Marijuana Industry Loses Its Bank, But Others are Stepping In

First Green Bank is pulling the plug on its cannabis clients.

California Marijuana Start-Ups, Shut Out From Banks, Turn to Private Backing

Cannabis-focused accelerators and investment companies look to make running a cannabis business easier.

California Considers 'Green Banking' as it Transitions to Fully Legal Marijuana

Talks are underway between the state, banks and federal regulators on a plan to allow banks to serve the marijuana market.

California Treasurer Wants State to Study Public Bank Option for Marijuana Businesses

John Chiang wants the state to consider creating a government-owned bank that could serve cannabis businesses.

Seed-to-Sale Payment Hub PayQwick Raises $2.86 Million to Support Expansion

The company will use the funding to accelerate sales and product development as it expands into California, Nevada, Michigan and Alaska.

Digital Payments Platform Alt Thirty Six Selects Dash as Payment Method of Choice for New Retail Sectors

Collaboration provides cheaper alternative for low margin and underbanked businesses.

Hawaii's Aloha Green Secures Legal Banking Solution and Non-Cash Payment Method for Patients

Safe Harbor Private Banking will be providing banking services to medical cannabis operations.

New Report Shows Marijuana Market Could Hit $18 Billion by 2021, Even if Trump Challenges Industry

Analyst Matt Karnes believes that California will account for 40% of the market and that additional states will continue to come online.

Uruguay's New Medical Marijuana Industry Abandoned by Banks

Some pharmacies have warned they will have to stop selling marijuana because of the banking restrictions.

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