Just weeks after Oregon’s marijuana dispensaries opened their doors to adult sales, 25 members of the Oregon Cannabis Association will travel to Capitol Hill this
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
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
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
Federal guidelines on marijuana banking are far from clear, and create more questions than answers. That is proven by the fact that so few banks
The marijuana industry is largely a cash-only industry. This is due to the fact that so many banks won’t work with marijuana businesses. Some banks
I once heard a business man from outside of the marijuana industry say ‘if you don’t have an insurance policy, an accountant, and a bank
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 IRS has a provision that penalizes companies that pay employee withholdings in cash. An employee withholding has to be paid electronically, otherwise a 10%
Today, Representative Blumenauer sent a letter to Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg asking for clarification on what guidance the FDIC provides to banks
MBank, a financial institution from Oregon, made headlines last week when they announced that they would be servicing Colorado’s marijuana industry. MBank had already been
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
Less and less Americans use cash. I used to live an ‘all cash’ lifestyle, but once I learned about the convenience of using a debit
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
By Alizeh Siddiqui According to a Drug Policy Alliance press release, just eight short months after the Federal Justice Department and Treasury Department announced new
Eight months after the Federal Justice Department and Treasury Department announced new guidelines allowing banks to work with marijuana businesses, some of the credit unions
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
