Finance: Page 149

Sources in Congress Say U.S. Justice Department Blindsided Banking Agency on Marijuana Policy Flip

The DOJ failed to notify federal officials who advise banks in states where the drug is legal.

Massachusetts Marijuana Shops Go Cash-Only With Fear of Federal Crackdown

Medical marijuana dispensaries were forced to stop accepting debit cards from patients after threats of a federal crackdown prompted a key payment processing company to pull out of the Massachusetts cannabis market.

DOJ’s Reversal of Federal Cannabis Protections Could Impact Private Business Contracts

Reed Smith’s Michael Sampson discusses the enforceability of business contracts between private parties as courts could void agreements because they are against public policy.

7 Must-Have Policies to Make Sure Your Marijuana Business is Insured From Seed to Sale

Potential industry risks abound, and there are several types of policies a cannabis operation should consider.

9 Steps To Help Prepare for Tax Season

Tips for cultivators to navigate the complexities of IRS code 280E and lessen the frustration of tax returns.

Week In Review: Cannabis News You Can't Afford To Miss

We've rounded up our top 10 articles to keep you up-to-date on the latest industry happenings.

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.

Scotland to Get Multi-Million Pound Boost From New Cannabis Industry

The boom from the marijuana industry comes after a worldwide health agency confirmed that the drug provides medicinal relief for a range of ailments.

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

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

U.S Cannabis Companies Likely to Gain Better Access to Capital in 2018

Canadian companies have had much easier access to capital enjoyed by Canadian companies compared to U.S. cannabis producers.

Revenue Hit Predicted for California's Medical Cannabis Market

Revenue from the sale of medical marijuana is expected to drop from an estimated $2 billion in 2016 to about $1.4 billion next year.

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