Industry News
Erin Moffet, CFIG Director of Communications, Featured in FloraGrowth Panel
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... READ MORE »CFIG Cannabis Clips Week of Friday, November 4
Cannabis News of Note for the Week: Punchbowl News: Inside the push to (finally) reform marijuana banking laws Forbes: The Next Cannabis Industry Problem To Solve: Credit Ratings Christian Science Monitor: Pot prohibition cost Black communities. Can Black firms profit now? MJ Biz Daily: Could US marijuana companies follow Canopy to the Toronto Stock Exchange? […]
... READ MORE »CFIG Cannabis Clips Week of Friday, October 28
Cannabis News of Note for the Week: MJBizDaily: Marijuana banking among reforms on the table in upcoming lame-duck Congress Reuters: Pot producer Canopy sets up holding entity for speedy U.S. market entry MJBizDaily: Nasdaq objects to Canopy plan to consolidate US cannabis revenue MJBizDaily: Debt financing eclipses equity in US marijuana cultivation and retail fundings […]
... READ MORE »CFIG Cannabis Clips Week of Friday, October 21
Cannabis News of Note for the Week: American Bankers Association: ABA Unveils New Consumer Polling Data on Major Banking Policy Issues The Hill: Biden order adds momentum to bipartisan marijuana bill Marijuana Moment: NAACP Calls For ‘Immediate Passage’ Of Marijuana Banking Bill And Pushes For Legalization In New Resolution CNN Business: Circle K gas stations […]
... READ MORE »CFIG Cannabis Clips Week of Friday, October 14
Cannabis News of Note for the Week: MJBizDaily: How Biden’s rescheduling of marijuana could affect the US industry Marijuana Moment: Booker Is ‘Very Hopeful’ Congress Will Pass Marijuana Reforms In Lame Duck Session Following Biden’s Pardons Marijuana Moment: Federal Reserve Bank Says Marijuana Legalization Drives Tax Revenue, Job Creation And Real Estate Sales NASDAQ: Did […]
... READ MORE »US Mayors, Financial Institutions Throw Support Behind Cannabis Banking Reform
The U.S. Conference of Mayors, which represents 1,400 U.S. cities, adopted a resolution this week for Congress to pass SAFE Banking “to provide financial security for cannabis dispensaries and related companies and enhance public safety.”
The office of U.S. Rep. Ed Perlmutter, a Colorado Democrat who has been leading the charge behind SAFE Banking for years, announced the resolution in a news release Thursday.
... READ MORE »Treasury Department Wants To Start Collecting Marijuana Business Data To Help Combat Money Laundering
In another sign that the federal government is gradually recognizing the legitimacy of the cannabis market being legalized in a growing number of states, Treasury’s Office of the Comptroller of the Currency (OCC) posted a notice in the Federal Register on Wednesday saying it plans to track marijuana businesses as part of an annual Risk Summary Form (RSF) that needs to be filed by financial institutions.
... READ MORE »For Immediate Release From the Office of Ed Perlmutter: Bipartisan Innovation Act Conference Committee Members Voice Support for SAFE Banking in Final Package
Bipartisan Innovation Act Conference Committee Members Voice Support for SAFE Banking in Final Package
... READ MORE »CFIG Director of Policy David Mangone Appears on American Banker Podcast
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... READ MORE »Sheriff’s deputies seized $1.1 million in cash from legal sales
An armored car company’s lawsuit alleges ‘highway robbery’ by government officials. Despite cannabis sales being recognized and regulated in 18 states, the FBI and San Bernandino Sherrif’s deputies seized $1.1 million in cash from legal sales
... READ MORE »Lack of access to banking is cited as a major barrier to success
Report shows that just 2 in 5 cannabis operations turn a profit. Lack of access to banking is cited as a major barrier to success by nearly three-fourths. Read more from the recently-released findings from Whitney Economics
... READ MORE »Will cannabis banking reform increase owner diversity?
Fewer than 5% of cannabis businesses are owned by Black people. Is cannabis banking reform part of the solution to increasing that number? Senator Cory Booker says yes, and details other proposals in a recent HuffPo opinion piece
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