Industry News
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
... READ MORE »Congress needs to act on banking reform
Reverse or “cashless” ATMs have been deployed as a work-around by many dispensaries, but Visa recently warned merchants that it plans to assess noncompliance penalties. Yet another reason why Congress needs to act on banking reform
... READ MORE »New Fund for Social Equity in the Cannabis Industry
Supporting the development of social equity businesses has been a priority for every state that has legalized cannabis. Can New York state get it right? A $200m fund aims to
... READ MORE »POLITICSState Treasurers Discuss Marijuana Banking Challenges At Annual Conference With Congressional Officials
State treasures from across the U.S. participated in a panel on Tuesday that focused on federal marijuana banking reform as part of a three-day conference organized by the National Association of State Treasurers (NAST) that
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