Articles tagged with "banking"
53 total articles - Page 4 of 6
LA Proposals Would Ban Most Dabs, Create Cannabis Bank
Gage Peake - Published on July 27, 2017Read moreCouncil President Herb Wesson wants to outlaw extraction using volatile chemicals. Bright side: He also wants to start a cannabis bank.
PNC Bank Closes Marijuana Policy Project Account
Gage Peake - Published on June 21, 2017Read moreFor 22 years, the Marijuana Policy Project has conducted its banking with the PNC Financial Services Group. The long relationship was severed yesterday.
California Asks Major Insurance Carriers to Cover Cannabis Industry
Gage Peake - Published on June 2, 2017Read moreDespite legalization, large insurance carriers have generally stayed away from the industry. California wants to change that.
With Big Banks Absent, IRS Gears up for Flood of Tax Cash
Chase Scheinbaum - Published on April 3, 2017Read moreFor cannabis businesses looking to make timely payments to the tax man, a new program is a welcome gesture—even if it won’t actually help many people.
Illinois Treasurer Asks Trump to Assure Banks on Cannabis
The Associated Press - Published on January 24, 2017Read moreThe Illinois treasurer has sent President Donald Trump a letter urging him to give clear guidance to the banking industry about medical marijuana.
Elizabeth Warren Wants to Get the Cannabis Industry Out of Banking Limbo
The Associated Press - Published on January 3, 2017Read moreSen. Elizabeth Warren is leading an effort to ensure vendors working with cannabis businesses don’t have their banking services taken away.
Senators Call for Cannabis Banking Reform
Lisa Rough - Published on December 15, 2016Read moreA bipartisan group of Senators contacted a federal financial institute asking for guidance on the woes of banking in the cannabis industry. Will they respond?
Next Milestone for Alaska’s Young Cannabis Industry: Paying Taxes
The Associated Press - Published on November 17, 2016Read moreAt least initially, Alaska’s legal cannabis businesses will have to make tax payments to the state by dropping off or mailing bundles of cash.
PotCoin: Can the Cryptocurrency for Cannabis Live up to Its Hype?
Chase Scheinbaum - Published on October 12, 2016Read morePotCoin promises to bring convenient, anonymous purchases to the legal cannabis market. But can it deliver?
State of the Leaf: Are Dispensaries (Finally) Coming to Michigan?
Lisa Rough - Published on September 15, 2016Read moreCanadian banks pull plug on medical marijuana clients, New Jersey OKs cannabis for PTSD, and U.K. report says ignoring medical benefits is “irrational.”