Federal Cannabis Banking Access Coming? Check Out The Latest Word By Congress. On February 13, 2019 a hearing was conducted by the Subcommittee on Consumer Protection and Financial Institutions which is under the U.S. House Committee On Financial Services headed by...
IRS Is Reportedly Overwhelmed By Cash Payments From Cannabis Businesses Even though more and more states are allowing the sale of cannabis at the medical and/or recreational level, it is still a business that deals essentially in cash only. Why? Because most...
Cannabis Banking Bill Dies In California. What Does It Mean For Cannabis Businesses? Even though more and more states are allowing the sale of cannabis at the medical and/or recreational level, it is still a business that deals essentially in cash only. Why? Because...
Legal Cannabis and Secret Banking. Even though more and more states are allowing the sale of cannabis at the medical and/or recreational level, it is still a business that deals essentially in cash only. Why? Because most traditional banks refuse to deal with any...
It is outrageous that the $6.7 billion U.S. cannabis industry is forced by disparities in state and federal law to conduct nearly all transactions in cash. Experts believe that by 2021 the cannabis industry is expected to balloon to $21 billion. The lack of banking...
