Posts Tagged ‘Marijuana’

2022: Cannabis in review

2022: Cannabis in review

From state ballot initiatives and presidential pardons to federal legislation both passed and pending, 2022 was a busy year for the cannabis industry. With 2023 projecting to be just as challenging for the industry, it’[...]

Round up: Hot topics every FI should know

Round up: Hot topics every FI should know

For over four decades, Allied Solutions has provided the financial sector with deep insights. Researching industry trends and compiling compelling data is what we do best, and we do it because we care about growing, [...]

Number of credit unions serving marijuana businesses remains steady

Number of credit unions serving marijuana businesses remains steady

As Congress continues to struggle with marijuana banking legislation, the number of credit unions serving marijuana-related businesses has remained consistent, according to data recently released by the Financial Crimes Enforcement Network (FinCEN). FinCEN reported that: [...]

Report finds marijuana banking bill insufficient

Report finds marijuana banking bill insufficient

The marijuana banking legislation passed by the House would not significantly improve the problems cannabis-related businesses face in trying to establish banking services, researchers at the Drug Enforcement Policy Center at Ohio State University’s [...]

Sen. Booker open to marijuana banking deal

Sen. Booker open to marijuana banking deal

Sen. Cory Booker, D-N.J., a key cosponsor of comprehensive Senate marijuana legalization legislation, said late last week that he is willing to cut a deal on a smaller bill that could include cannabis banking. “[...]

4 upsides of cannabis banking

4 upsides of cannabis banking

The Federal Reserve Bank recently announced its first interest rate hike since 2018 and financial institutions across the country are turning an eye toward new sources of low-cost deposits. The growing legal cannabis market offers [...]

CUNA supports SAFE Banking inclusion in final COMPETES Act

CUNA supports SAFE Banking inclusion in final COMPETES Act

CUNA wrote to House members Tuesday in support of including the Secure and Fair Enforcement (SAFE) Banking Act in the final version of the America COMPETES Act. The America COMPETES Act passed the House in [...]

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