Banking Services Cannabis Industry: Page 6

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.

Assessing Social Equity From an Oregon Perspective

Jesce Horton, LOWD co-founder and CEO, discusses how the cannabis industry can become more inclusive.

UPDATE: Rep. Perlmutter Makes Final Push on SAFE Banking

Before retiring at the end of his current term, the veteran Democrat from Colorado is fixing for one last go at cannabis banking reform.

Cannabis in the New Year: 5 Key Trends to Watch

Jonathan Havens and Marc Adesso, leaders in Saul Ewing Arnstein & Lehr’s Cannabis Law Practice, share the developments from 2021 that will impact the industry’s outlook in 2022.

Legislators Drop SAFE Banking From Defense Spending Bill

A newly published version of the legislation excludes cannabis banking reform language that had been previously included.

9 Trends and Predictions for the Cannabis Industry in the New Year

We predict that 2022 will be another favorable, yet unpredictable, year for the cannabis industry, which is expected to hit $30 billion in sales.

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