MMJ Company Offering Consumer Credit Card
Mon / Jun 17th
Medical cannabis company Columbia Care has launched its own credit card for patients in New York, with plans to offer… Read More
Banking
Hemp CBD Companies Struggle With Banking Services
Wed / Jun 12th
Despite federal hemp reforms last year, many CBD-focused companies throughout the U.S. still lack basic financial services, such as business… Read More
California Senate Approves Canna-Banking Bill
Wed / May 22nd
California’s Senate has approved legislation 35-1 to create state-chartered banks to serve the state’s cannabis industry, CNBC reports. Under the… Read More
‘Cannabis Nuns’ Lose Banking Services After Documentary Trailer Release
Thu / May 2nd
The founder of California’s Sisters of the Valley, Sister Kate, says her bank has frozen the organization’s business accounts following… Read More
Senate Banking Committee GOP Chair May Block SAFE Banking Act
Wed / May 1st
Idaho Sen. Mike Crapo, the Republican chairman of the Senate Banking Committee, said he would not commit his committee to… Read More
West Virginia Seeks Bank to Serve Medical Cannabis Industry
Mon / Apr 22nd
The West Virginia Treasurer’s Office is now seeking a financial institution to work with the state’s medical cannabis industry with… Read More
Canadian Banks Shut Out U.S. Cannabis Companies Due to Federal Law
Mon / Apr 8th
At least two Canadian banks are refusing to do business with U.S.-based cannabis companies due to cannabis’ Schedule I status… Read More
West Virginia Gov. Signs Banking Bill for Medical Industry
Wed / Apr 3rd
West Virginia Gov. Jim Justice has signed legislation allowing medical cannabis companies to access banking services in the state. According… Read More
SAFE Banking Act Passes Key Congressional Committee
Thu / Mar 28th
The Secure and Fair Enforcement (SAFE) Banking Act was approved by the House Financial Services Committee in a sweeping 45-15… Read More
House Committee to Vote on Cannabis Banking Bill Next Week
Thu / Mar 21st
The House Financial Services Committee is set to vote on Tuesday on legislation to protect banks that work with the… Read More
West Virginia Bill Would Give Banking Access to Cannabis Companies
Thu / Mar 7th
The state Senate of West Virginia has passed a bill that would enable banking services access for medical cannabis companies,… Read More
Federal Banking Bill’s Future Uncertain After First Hearing
Thu / Feb 21st
After receiving its first hearing before the House Financial Services Committee, the passage of the Secure and Fair Enforcement (SAFE) Banking… Read More
House Committee Holds First Cannabis Banking Hearing
Fri / Feb 15th
A bipartisan bill to allow cannabis businesses to access banking services in the U.S. got its first-ever committee hearing in… Read More
House Democrats Move Forward With Cannabis Banking Access Hearing
Thu / Feb 7th
The first cannabis-related congressional hearing of the new session is titled “Challenges and Solutions: Access to Banking Services for Cannabis-Related Businesses,”… Read More
Cannabis Trade Federation Hires Lobbyists to Push Legalization in 2019
Mon / Jan 14th
The nonprofit Cannabis Trade Federation (CTF) has hired 15 lobbyists in an effort to pass the Strengthening the Tenth Amendment… Read More
House Considering Federal Cannabis Legalization Bill “H.R. 420”
Fri / Jan 11th
Rep. Earl Blumenauer (D-Oregon) introduced bill H.R. 420 to the House of Representatives on Wednesday, which, if signed into law,… Read More
Morgan Fox: A Federal Cannabis Policy Update
Wed / Jan 9th
Morgan Fox is the Media Relations Director for the National Cannabis Industry Association (NCIA), the largest cannabis trade organization in the… Read More
Sen. Gardener Aims for Cannabis Banking Reforms This Week
Mon / Dec 17th
Senator Cory Gardener (R-Colorado) is planning to propose a major overhaul to banking rules for state-legal cannabis companies this week,… Read More
Bipartisan Cannabis Finance Legislation Supported By Banks
Wed / Nov 28th
New legislation being crafted by Rep. Ed Perlmutter (D-CO), co-sponsored by 82 Democrats and 13 Republicans, is expected to pass… Read More
IRS Struggles With Cannabis Cash Payments, Hires Help
Thu / Nov 15th
The Internal Revenue Service (IRS) paid a consulting company $1.7 million for help processing the large cash tax payments coming… Read More
Pete Sessions’ Replacement Won’t Block Cannabis Reform
Wed / Nov 14th
Next year’s House Rules Committee Chairman Jim McGovern, the replacement for cannabis opponent Pete Sessions, has promised to allow open… Read More
Pennsylvania Gov.’s Office Requests Congressional Cannabis Banking Protections
Mon / Aug 27th
On Friday, the administration of Pennsylvania Gov. Tom Wolf (D) wrote a letter to top leaders in Congress calling for… Read More
Federal Enforcement Fears Shelve CA Banking Bill
Wed / Aug 22nd
Last week, state lawmakers in California ceased consideration of a bill to create state cannabis banks due to an analysis… Read More
U.S. House Committee Rejects Cannabis Banking Measure
Thu / Jun 14th
Wednesday, the U.S. House of Representatives’ Appropriations Committee voted down a measure designed to protect banking institutions that are willing… Read More