Banking Services Cannabis Industry: Page 5

CanPay Expands to Reach Nearly All of Florida's Cannabis Consumers

The platform is now accepted at 95% of the state's medical marijuana treatment centers.

More Than 20 Senators Urge Congressional Leadership to Include SAFE Banking Act in Pending Legislative Package

A group of 24 senators wrote a letter to Senate and House leaders May 12, encouraging them to include the cannabis banking reform measure in the final version of the America COMPETES Act.

Fluresh Lands $25-Million Note From Federally Regulated Bank

The hefty loan signals another degree of normalization for an industry poised on the edge of impending bank reform.

Bankers Associations From All 50 States Urge Senate Leadership to Pass SAFE Banking Act

Members of the American Bankers Association and state bankers associations sent a letter to lawmakers April 28, asking them to include the SAFE Banking Act in the America COMPETES Act.

Cannabis Reformist Presses Senate Quartet to Pass SAFE Banking

Rep. Ed Perlmutter says his legislation, which has passed the House six times, offers an “immediate solution to get cash off our streets.”

West Town Bank & Trust Launches Dedicated Cannabis Banking Program

The program aims to make financial services, such as banking and electronic payments, more accessible to cannabis businesses nationwide.

Justice Department to Return $1.1M in Cannabis-Related Cash to Armored Vehicle Company

Seized last year in San Bernardino County, Calif., the money came from licensed cannabis operators and will be returned to Empyreal Logistics.

New York Senator Introduces Cannabis Banking Bill

Sen. Jeremy Cooney has introduced the first of two bills meant to address banking in the state’s cannabis industry.

Pennsylvania Senate Approves Cannabis Banking Legislation

Senate Bill 1167, which would allow financial institutions and insurers to provide services to the state’s medical cannabis businesses, has advanced to the House.

Tacoma Cannabis Dispensary Now Offering Cash-Free Payment Option

Mary Mart rolled out a new transaction system weeks after a string of fatal robberies in the western part of Washington.

Pennsylvania Cannabis Banking Bill Receives Unanimous Committee Support

The legislation would authorize financial institutions and insurers to provide services to the state’s medical cannabis businesses.

Credit Cards Now Accepted at Massachusetts Cannabis Dispensary

The Dreamer Cannabis retail facility in Southampton is using a third-party platform to allow customers to use credit for their purchases.

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