Tag: CBT > Business Issues/ Benchmarks > Banking Services Cannabis Industry: Page 4

Legislation and Regulation

Independent Community Bankers Association, Affiliated State Associations Call on Senate to Pass SAFE Banking Act

The ICBA and 44 affiliated state associations submitted a letter to Senate leaders this week, urging them to calendar the legislation for a floor vote.

November 30, 2022

Legislation and Regulation

Witnesses Stress Need For Cannabis Descheduling, Uniform Regulation at US House Hearing on Federal Reform

Cannabis advocates say that through federal reform, the U.S. government can work to ensure a thriving industry, social equity and justice in communities of color, treatment for veterans with PTSD and more while reducing the illicit market.

November 15, 2022

Legislation and Regulation

To Reschedule or Deschedule? Plant-Touching Businesses Weigh In

Owners and operators of cannabis companies across the U.S. say they would like to see cannabis completely descheduled as a result of President Joe Biden’s order to review cannabis’s status under the Controlled Substances Act.

November 7, 2022

Legislation and Regulation

US Senator Urges Senate to Approve SAFE Banking Act During Banking Hearing

Sen. Bob Menendez, a senior member of the Senate Banking Committee, urged passage of the banking reform legislation during a hearing this week titled “Current Issues in Insurance.”

September 9, 2022

Legislation and Regulation

New Poll Reveals That Two-Thirds of Voters Support Cannabis Banking Reform

A new Independent Community Bankers of America poll, conducted by Morning Consult, showed that 65% of voters support allowing cannabis-related businesses to access banking services in state-legal markets.

September 9, 2022

Banking Services Cannabis Industry

Transactions, Tickets and Banking Trends

2022 data on cannabis dispensary transaction volumes show a plurality of participants with 100 or fewer purchases per day, and just over half reported average baskets between $41 and $80.

September 2, 2022

Finance

Cannabis Regulators of Color: No SAFE Equity Without Amended Bill

The major industry advocacy group says SAFE Banking will not promote equity in cannabis without significant changes.

August 22, 2022

Vendor News

PayNW Now Serving Cannabis-Related Businesses with Compliant Human Capital Management Solutions

Fast-growing company provides human capital management solutions; payroll, HRIS, applicant tracking, tax filing, time tracking and more.

August 3, 2022

Finance

'We Need Federal Action'

Attorney Michael Sampson describes what Pennsylvania's new banking bill means for the cannabis industry and what needs to change.

July 28, 2022

Vendor News

Cogent Bank Partners with Green Check Verified to Serve Underbanked Cannabis Industry in the Southeast

Florida-based Cogent leveraging leading fintech technology to provide full suite of products and services to businesses.

July 28, 2022

Banking Bill Cannabis Industry

U.S. House Passes SAFE Banking Act as Amendment to Defense Bill

The House approved the cannabis banking reform legislation for the seventh time as part of the 2023 National Defense Authorization Act.

July 18, 2022

Pennsylvania

Pennsylvania Governor Signs Cannabis Banking Legislation Into Law

Gov. Tom Wolf signed the bill July 11 to allow the state’s cannabis businesses to secure financial services from banks and lenders.

July 12, 2022