Medical Marijuana Dispensary Banking Woes
Two weeks ago, my dispensary was informed by their bank that they were no longer able to provide banking services. One part progress, two parts regression
Topic
banking — page 3
52 articles
Banks Want to Work With Marijuana Business, Waiting on Feds
Fortunately, there is already a bill Congress could act upon that would reform federal banking laws relating to marijuana businesses.
Denver City Council Passes Regulations for Retail Cannabis
Monday night Denver's city council passed its regulations for retail cannabis dispensaries in the city.
Medical Marijuana Update (2013.09.11)
Here's the latest major medical marijuana news around the United States from the past week, as of September 11, 2013:
DOJ Considering How To Allow Bank, Pot Shop Transactions
The Department of Justice states they are "actively considering" how to allow banks to accept transactions from legal marijuana businesses.
Legislation Introduced to Ease Banking for Marijuana Business
The Marijuana Business Access to Banking Act aims to accomplish this by updating federal banking laws to account for discrepancies with state laws
Medical Marijuana Update (2013.07.10)
Here's the latest major medical marijuana news around the United States from the past week, as of July 10, 2013:
Sativa Magazine: Educating Ganjapreneurs
Sativa Magazine strives to provide business advice tailored specifically to cannabusinesses & the information needed to have a holistic understanding of...
Guardian Data Systems: Providing Cannabusinesses Merchant Services
Guardian Data Systems offers a comprehensive list of service designed to allow cannabusinesses to function like other companies as far as financial...
Discrimination Jeopardizing Cannabusinesses
Even though cannabusinesses are legal in many parts of the US; banks and credit card companies discriminate against them by refusing their business.
CannabusinessLink
ADT Drops Medical Marijuana Clients, Leaving Them Vulnerable
Jose Pagliery reports that ADT, the nation's largest security company, dropped their medical marijuana clients without warning
CannabusinessLink
CNN Money Describes the Secrecy of Legal Marijuana Banking
Since banks can be accused by the federal government of money laundering, they do not openly deal with the legal marijuana businesses.
If You Want To Break Federal Law, It’s Better to Be a Banker Than a Medical Marijuana Provider
If you’re a medical marijuana provider, for example, the Justice Department will not just look the other way as it did for years with HSBC.
HSBC Bank Admits Cartel Money Laundering
Banking entity HSBC Group has agreed to forfeit $1.256 billion & pay an additional $600 million-plus in fines for laundering money for Mexican drug cartels.
CannabusinessLink
How to Sell Marijuana Legally, In Four Inconvenient Steps
John Davis, who runs a legal medical marijuana business in Washington, shares with NPR 4 key steps in trying to operate in the cannabis industry...
Marijuana NewsLink
Marijuana Sales in Colorado, Washington Pose Risks for Banks Faced With Federal Law
U.S. banks in Colorado and Washington state, where voters last week legalized recreational marijuana use, shouldn't disregard federal laws that consider pot sales criminal, a bank regulator said today.