Credit Union Offers Banking Services For Cannabis Businesses

The post Credit Union Offers Banking Services For Cannabis Businesses appeared first on High Times. While the cannabis industry is undoubtedly expanding at a torrid pace, most new businesses lack one key component most traditional businesses boast effortlessly—a reliable banking service. While there have been several possible solutions drawn up, including […]

Ackrell Capital Publishes “2018 Cannabis Investment Report”

PRESS RELEASE SAN FRANCISCO, Dec. 28, 2017 (GLOBE NEWSWIRE) — Ackrell Capital today announced the publication of its “2018 Cannabis Investment Report.” Ackrell Capital’s 180-page report provides in-depth analysis and insight into the current and future state of the rapidly developing global cannabis industry. The report provides a comprehensive view […]

California Looks To Solve Banking Issues As Legal Marijuana Nears

California has a possible solution to the problem of banks being unwilling to handle money from the state’s multibillion-dollar legal marijuana industry, one that officials say would be the first system of its kind in the nation. Talks are underway between the state, banks and federal regulators on a plan […]

This Marijuana Stock Is Booming Past The Rest

In case you haven’t noticed, marijuana stocks are growing like a weed. A majority of those with a market cap of at least $200 million have had their share price double or triple over the trailing year as optimism surrounding legal weed grows. Rapidly rising sales figures have certainly played […]

New Collaboration Joins Three of the World’s Most Influential Cannabis Businesses

PRESS RELEASE Canopy Growth, Organa Brands, Green House Seeds Collaborate to Bring New Products to Canadian Market and Beyond SMITHS FALLS, Ontario & DENVER & AMSTERDAM–(BUSINESS WIRE)–Green House Holdings North America Inc. (“Green House”), its affiliate in the Netherlands, GHSC Trading B.V., National Concessions Group Inc. (“Organa Brands”) and Canopy […]

Hoban Law Group Expands Internationally

Last week, Hoban Law Group announced a major international expansion, with new offices in Latin America and the European Union. The Denver-based law firm said they will have four new offices across the EU by late fall and two new offices in Latin America by spring of 2018. Bob Hoban, […]

What’s Happening on Capitol Hill? Part 4: Banking & Tax Reform

To round out our federal reform review, we look at the bills introduced into the 115th Congress that attempt to resolve the banking and taxation problems faced by state-legal cannabis businesses. As this is perhaps the biggest thorn in the side of the cannabis industry, any movement by the feds […]

Harborside, CanPay Announce Partnership, Launching Debit Payment System

CanPay, a debit payment solution for the cannabis space, announced today their partnership with Harborside, the largest medical dispensary brand in the United States. The partnership will allow Harborside’s more than 200,000 patients to use a mobile debit app when purchasing cannabis through their delivery service, instead of bringing cash. For […]

California Ponders Idea of a Public Bank to Serve the Cannabis Industry

With recreational marijuana sales set to become legal in California next year and most banks unwilling to open accounts for cannabis companies, pot entrepreneurs are desperate to figure out what to do with their piles of cash. Now, some want the state or cities to get involved. Over the last […]

PNC Bank Cancels Another Marijuana Advocacy Group’s Bank Account

Marijuana legalization advocate Cher Neufer queued up at a Cincinnati post office in mid-June expecting to mail a t-shirt to a donor. Instead, she was met with the message every shopper dreads: card denied. A few phone calls later, Neufer discovered that PNC had closed the account for the National Organization for the […]