Banking Services Cannabis Industry: Page 12

California Cannabis Banking Bill Stalls

Legislation allowing the state to create special banks to handle funds from the cannabis industry will not pass this year.

Delta 9 Agrees to Increase Bank Credit Facility to $18.1 Million

The company has come to terms on an amendment to its borrowing agreement with Canadian Western Bank to provide for an increase on its existing loan and credit facility.

Greenery Map Teams Up with PayHouse Solutions to Offer Merchant and Bank Account Services for Cannabis Industry Businesses

The partnership allows dispensaries the opportunity to legally accept credit card payments without the need for workarounds, and offers all cannabis businesses the ability to streamline their finances.

National Credit Union Administration: Yes, It’s OK to Work With Cannabis Businesses

But that’s only part of the story, as federal banking reform continues to slog through Congress.

‘The Situation Has Become Completely Untenable’: The Cannabis Industry Reacts to the Senate’s Hearing on Banking

A Senate committee held a hearing July 23 to hear testimony from cannabis and financial industry stakeholders on the importance of passing the SAFE Banking Act.

HARDCAR Secures Multi-Billion Dollar Bank for Cannabis Loans and Cannabis Financing

The California-based company can now offer loans and financing options to cannabis businesses looking to expand their operations.

West Virginia Officials Say It Will Take Years for Medical Cannabis Sales

State regulators are hung up on federal banking laws.

Lawmakers Explore Easing Rules on Small Cannabis Businesses

House lawmakers on Wednesday explored efforts to ease rules and boost small business owners in the legal cannabis industry.

Michigan Gov. Whitmer Joins Bipartisan Letter Calling for Marijuana Regulations

Financial institutions might be getting the opportunity to bank with cannabis businesses, according to new efforts made by the Michigan government.

Columbia Care Launches Credit Card for Cannabis Purchases

The credit program launched in New York dispensaries, and Columbia Care will roll it out nationwide this year.

HARDCAR Announces Legal Banking Options for Cannabis, CBD and Hemp Businesses Across the Entire United States

The company announced that it can now transport and bank any amount of cash for any company in the United States.

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