Items tagged with banking

Item title Description
Canadian banker snags $750-million in marijuana business as rivals say no [03.04.2018] In a down-and-out Canadian town, Bruce Linton dreamed of transforming an abandoned Hershey Co. chocolate plant into the Next Big Thing, a medical mar...
Wall Street experiments with marijuana investments [01.04.2018] More adventurous corners of Wall Street are experimenting with marijuana as an investment even though recreational use of the drug is illegal in New ...
Uruguay leads world in cannabis regulation but US law intrudes [28.02.2018] Uruguay was the first country in the world to fully regulate the cannabis market and so break free from a global prohibitionist regime that has preva...
Trump Treasury Secretary wants marijuana money in banks [06.02.2018] The Trump administration's top fiscal official appeared to voice support for letting marijuana businesses store their profits in banks. "I assure you...
Why marijuana retailers can’t use banks [22.01.2018] Nearly two-thirds of America’s states have legalised pot sales for certain uses, but the federal government still classifies marijuana as a Schedule ...
Colorado’s Senators tell U.S. Treasury: Don’t touch marijuana banking [11.01.2018] U.S. Sens. Michael Bennet and Cory Gardner of Colorado have asked the U.S. Treasury to keep in place Obama-era rules that allow banks to serve mariju...
More banks are welcoming marijuana businesses, federal data shows [03.01.2018] A growing number of banks are willing to open accounts for marijuana businesses. The number of depository institutions that are actively banking the ...
Don't 'bank' on ganja! - Lawmaker says J'cans might be clinging to false hopes [09.11.2017] The viability of Jamaica's legal ganja and hemp industry has been called into question, with lawmaker Marisa Dalrymple Philibert suggesting that Jama...
California proposes armored cars to transport pot tax money [07.11.2017] California should use armored cars to transport hundreds of millions of dollars in cash tax payments expected next year with the state's legal mariju...
Uruguay setting up dedicated cannabis dispensaries after banks scare off pharmacies [14.09.2017] Uruguay’s government announced that it is changing its retail system for legalized marijuana because banks are making it difficult for pharmacies to ...
Pot was flying off the shelves in Uruguay. Then U.S. banks weighed in [25.08.2017] The pharmacies selling pot were doing a brisk business. After Uruguay became the first country in the world to fully legalize marijuana sales for rec...
Uruguay finds no banks for the bongs [22.08.2017] Understated and simpatico, former Uruguayan president Jose Mujica isn't easily rattled. Just don't mess with his reefer. That was the message from Mo...
Legal marijuana sale faces challenges by banks in Uruguay [18.08.2017] The legal sale of marijuana in Uruguayan pharmacies is facing challenges as banks refuse to deal with companies linked to the drug in order to follow...
California considering creating a state-run bank for cannabis businesses [16.07.2017] California government, financial and marijuana business leaders met last week in a far-from-resolved debate over whether a state-run bank could be th...
Cannabis cash conundrum: Some businesses bury money, others truck it to a federal vault [12.07.2017] With recreational use set to become legal next year under Proposition 64, cannabis sales in the state are expected to top $7.5 billion in 2020, up fr...
Federal bills from Colorado legislators seek to shield state marijuana laws, open banking [18.05.2017] Colorado federal lawmakers amplified efforts to protect state-enacted marijuana laws and cannabis businesses supporting banking legislation for the m...
New federal bill would allow banking for marijuana businesses [27.04.2017] Marijuana businesses can’t openly bank and congressman Ed Perlmutter, D-Colo., is hoping to change that. Perlmutter on Thursday introduced the Secure...
Big need for marijuana banking, yet Congress has ‘no appetite’ to fix issue [03.04.2015] Congress doesn’t have the appetite to deal with the conflict between federal and state laws that has caused a banking crisis for the burgeoning marij...
Banks are slowly welcoming legal marijuana dealers [12.08.2014] A top federal official said that 105 banks and credit unions are doing business with legal marijuana sellers, suggesting that federal rules giving fi...
U.S. issues marijuana guidelines for banks [14.02.2014] The Obama administration issued guidelines intended to give banks confidence that they will not be punished if they provide services to legitimate ma...
Banks say no to marijuana money, legal or not [14.01.2014] Legal marijuana merchants — mainly medical marijuana outlets but also, starting this year, shops that sell recreational marijuana in Colorado and Was...
Banks told to accept cannabis cafe customers [06.02.2009] Banks must accept cafes which sell cannabis and marijuana as clients, says finance minister Wouter Bos. The minister fears that if these businesses, ...

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