Articles tagged with "banking"
53 total articles - Page 1 of 6
Meet the CLIMB Act, a new bipartisan cannabis banking bill
Max Savage Levenson - Published on June 27, 2022Read moreThe new CLIMB Act would help cannabis businesses access banking services, and list on the stock exchange. It emphasizes small, minority-owned businesses.
Despite federal legalization, banks in Canada still won’t work with weed
David Silverberg - Published on May 2, 2022Read moreBanks in Canada continue to discriminate against cannabis clients in spite of legalization (unless you can pay-to-play).
The dangers of running a multimillion-dollar cash business
Danté Jordan - Published on August 27, 2021Read moreDanger runs high for cannabis businesses forced to house large sums of cash. Here’s how one cannabis business survives.
Why did San Francisco’s cannabis store ‘cashless ATMs’ suddenly shut down?
Chris Roberts - Published on November 15, 2019Read moreUnsolved mystery: Over 48 hours, every one of the city’s cannabis cash machines went dark. Nobody seems to know why.
Cannabis industry optimistic on banking despite murky Senate prospects
Raj Chander - Published on September 27, 2019Read moreThe bill, which the House passed 321–103 on Wednesday, is seen as a major win for banks, investors, and much of the legal cannabis industry. What’s next?
House passes cannabis banking bill in historic vote
Raj Chander - Published on September 25, 2019Read moreA strong vote, 321-103, moves cannabis banking reform over a major hurdle. Now it’s the Senate’s turn.
Holy Crapo! Cannabis Banking Reform Makes Surprise Headway
Max Savage Levenson - Published on August 5, 2019Read moreSen. Mike Crapo, the Senate banking committee chair, signals an openness to cannabis financial reform.
Courting Crapo: Today’s Senate Banking Hearing Was All for One Man
Bruce Barcott - Published on July 23, 2019Read moreThe SAFE Banking Act won’t pass until Senate banking chair Mike Crapo allows it. So today’s hearing was aimed at swaying his vote.
Banks Are Redlining the 99% Out of the Legal Cannabis Industry
David Downs - Published on July 21, 2019Read moreIt can cost $2 million to open a licensed cannabis store. And not a bank in the nation will offer a small business loan.
Congressional Committee Discusses How to Legalize Cannabis
Ben Adlin & Bruce Barcott - Published on July 10, 2019Read moreWhile lawmakers seemed to agree on the need to end cannabis prohibition, Wednesday’s hearing highlighted tensions between competing visions of what reform should look like.