According to a report from Reuters, regulators at the federal Financial Crimes Enforcement Network (FinCEN) were not informed about Attorney General Jeff Sessions’ cannabis policy change but FinCEN spokesperson Stephen Hudack said the agency’s 2014 guidance “remains in place.”

According to September 2017 data from FinCEN more than 300 banks and nearly 100 credit unions are currently providing banking services to cannabis industry operators under the agency’s guidance. The 2014 FinCEN guidance was developed with input from Justice Department officials at that time; however, it also relied on the protection offered by the now-invalid Cole Memo.

Representatives Dennis Heck (D-WA) and Ed Perlmutter (D-CO) told Reuters that they will be sending a letter to FinCEN this week asking them not to rescind their guidance – which could “inject uncertainty into financial markets.”

In October 2016, FinCEN reported that 318 cannabis businesses were allowed access to banking services and that figure jumped to 400 at the end of August 2017, where it remained in September. The number of institutions dealing with the cannabis industry has been steadily increasing since the second quarter of 2014 – the quarter after the FinCen policy changes.

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  • Harbor Collective MMCC

    Harbor Collective is your Downtown San Diego dispensary. 100% LEGAL! Voted Best City-Approved Medical Marijuana Dispensary in San Diego. Harbor Collective MMCC provides quality flowers of Indica, Sativa and Hybrids. We also have a wide selection of Moon Rocks, Cartridges, Edibles, Topicals, Pre-Rolls, Extract Wax and Extract Concentrates. We carry a selection of clones for sale but they sell fast so back orders are sometimes expected. We have great deals on Eternal Cartridges at 4 for $100! and much more! View our special offers page to benefit from our friendly hearts.

  • NisonCo

    Through access to an unmatched network of cannabis industry leaders, reporters, reviewers, and social media influencers, NisonCo is rated as a top cannabis pr company who can get and keep your company in the news. We have developed over 3,000 active relationships with reporters and reviewers who cover cannabis from nearly every major outlet across the country. Our team of over 15 employees is passionate about maintaining a positive image for the industry and our hyper-attentive approach generates fast results.

  • Viridian Staffing

    Founded in 2013 and dedicated solely to all sectors of the cannabis industry (Medical, Adult Use, Industrial Hemp and Ancillaries), our highly experienced recruiters have over a decade of experience (each) in human resources, staffing and recruiting for Fortune 500/100 companies across a broad spectrum of closely related industries including: food & beverage, agriculture, consumer packaged goods, software, medical technology and paper/pulp.

  • Ganjapreneur.com

    Ganjapreneur is a news and networking resource for cannabis professionals. Our ultimate mission is to help the cannabis industry grow, by advancing the cause of cannabis normalization through responsible business.

  • Sapphire Risk Advisory Group

    Sapphire is an organization of professionals whose careers are centered on the science of preventing crime and increasing pro-business results through the implementation of controls and processes. Our vision is to create environments that are crime adverse due to strategic planning and foresight. Sapphire will be in your corner with advice and counsel as long as your organization is continuing to grow.

  • MarijuanaDoctors.com

    MarijuanaDoctors.com was founded as the trusted gateway for patients searching for medical marijuana treatment in legal medical marijuana states. We provide patients visibility and transparency in selecting a doctor and setting an appointment for a medical marijuana evaluation including detailed profile information, scheduling information, and ratings and reviews.

  • Precision Extraction Solutions

    Precision® Extraction Solutions is the industry leader in cannabis extraction equipment, training and consulting. Precision® extraction systems are world renowned for quality, safety and precise operation. Costing half of comparable CO2 systems, with nine times more efficient processing, more award winning concentrates are made with Precision® than any other brand.

  • My Cannabis Accountant

    We are a Boutique Accounting firm focused on the cannabis industry. Our management team has over 100 years of combined experience in public accounting. Running a legal cannabis-based business can be complicated. Let us make sure your business is compliant with all federal, state and local financial regulations so that you can focus on your business.

  • PayQwick, Inc.

    PayQwick’s mission is to bring well-established, proven payment processing, regulatory compliance and banking services to the licensed recreational and medical marijuana industries, thereby reducing the risk of violent crime, illegal money laundering and violation of state marijuana regulations. PayQwick serves state licensed Producers, Processors, Wholesalers, Distributors, Dispensaries and Retailers.

  • AD Virtual Services

    We are a full-service Accounting firm licensed in NV that specializes in Cannabis Businesses. We are affordable, experienced, and friendly. Our firm is one of the leading firms in the area. By combining our expertise, experience, and the energy of our staff, each client receives close personal and professional attention. Please call us today, and we'll be happy to offer you a free initial consultation.

  • Wise Public Relations, Inc.

    We help our clients win by outsmarting and outmaneuvering the competition rather than outspending them. That’s our specialty. Through a strategic mix of marketing disciplines, all working together to create real momentum that give our clients a critical competitive advantage in the marketplace. MedMen, Cloudponics, Style & Stigma. We take great pride in the work we do and accountability for the opinions we shape. We have fun doing it. And we hope it shows.

  • Fast Capital Financing

    FCF understands the importance of financial stability to ensure the success of your business. That's why we offer loan options delivered by our expert business advisers so you can worry less about working capital, and more about what really matters - running your business! We work with all credit scores and offer an easy online application. You can receive a decision in as little as 24 hours! Contact us now to speak with one of our business advisers.

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