A U.S. Senate committee voted today in support of opening up banking services to state-legal marijuana businesses. By a vote of 16-14, the Senate Appropriations
Passing the House of Representatives with a vote of 56-3, House Bill 4094, which seeks to remove the criminal liability from state law to allow
Fourth Corner Credit Union sued the Federal Reserve in an attempt to gain access to the federal banking system. That case was dismissed today. I
Marijuana businesses are largely boxed out of the banking industry. Most banks will not work with marijuana businesses because marijuana is illegal federally. Last year
Any owner of a marijuana business will tell you that a lack of banking options for the industry is a huge problem. For a very
Senate Democratic Leader Harry Reid (D-NV) today signed on as a co-sponsor to the Marijuana Businesses Access to Banking Act of 2015 (S.1726), bipartisan legislation originally
If you own a marijuana business, chances are you do not have a bank account. And if you do have a bank account, there is
In our increasingly cashless economy it can be a genuinely upsetting experience to get to the check-out counter to see a sign that reads “CASH
The Senate Appropriations Committee approved a measure Thursday (16-14) that is intended to ensure marijuana businesses have access to banking services. The amendment, offered by
The marijuana industry is barely scratching the surface as far as growth potential. Colorado sold roughly $700 million worth of marijuana last year alone, and
This week, Senators Jeff Merkley (D-OR), Cory Gardner (R-CO), Michael Bennett (D-CO), Rand Paul (R-KY), and Ron Wyden (D-OR) introduced the Marijuana Business Access to
Senators Jeff Merkley (D-OR), Cory Gardner (R-CO), Michael Bennet (D-CO), Rand Paul (R-KY), and Ron Wyden (D-OR) introduced the Marijuana Business Access to Banking Act
Anyone who has been involved in the marijuana industry knows that banking is extremely tough. For almost all marijuana businesses, having a bank account is
The banking industry has long shunned the marijuana industry. Banks are fearful of crackdowns by the federal government, despite guidelines issued by the feds. The
The banking industry has not been kind to the marijuana industry. There are more and more banks that are willing to open accounts for marijuana
The Bank Facility Purchased By Advanced Cannabis Solutions Will Be Called ‘The Greenhouse’ And Will Eventually Serve As A Full Service Bank For The Cannabis
Banking has always been an issue for the cannabis industry, well before Colorado and Washington legalized recreational cannabis in 2012. Earlier this year there appeared
The Oregon cannabis industry is growing at a rapid pace. Oregon has had a medical cannabis program since 1998, but up until recently, medical cannabis
In a historic vote today the U.S. House passed a bipartisan amendment by Representatives Heck (D-WA), Perlmutter (D-CO), Lee (D-CA) and Rohrabacher (R-CA) preventing the
For a long time the federal government prohibited banks from working with the cannabis industry. Recently the Obama Administration issued guidelines that were supposed to
The Dept of Justice has announced new federal guidelines for providing financial services to marijuana-related businesses under the Bank Secrecy Act : “BSA Expectations Regarding Marijuana-Related
Courtesy of The Joint Blog Cannabis businesses wanting the ability to bank legitimately are likely to get at least a “yellow light” allowing them to do so as
One of the biggest obstacles facing the marijuana industry is banking. The federal government has not yet signaled that they will allow banks and credit
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