This year four states legalized adult-use (aka “recreational”) marijuana (New York, Virginia, New Mexico, Connecticut) and one legalized medical marijuana (Alabama), but passing a law is just the first step ...
When making the decision to bank cannabis, a credit union must take into account an extraordinary number of factors, from market opportunity, financial goals, institutional risk, and staffing requirements to ...
An ever increasing number of credit unions around the country have been responsibly banking cannabis businesses (specifically marijuana) for years by following the compliance framework outlined in FinCEN’s 2014 ...
One of the risks associated with banking the cannabis industry, specifically marijuana-related businesses, is the disconnect between state and federal law. While 33 states (as well as the District of ...
While marijuana has been legalized to varying degrees in 33 states (as well as the District of Columbia and Puerto Rico), many financial institutions remain hesitant to offer banking services ...
I doubt whether it’s possible to find an industry that has not had to adjust in response to the COVID-19 crisis and that’s certainly the case with cannabis. ...
