U.S. Sen. Warren seeks to pull pot shops out of banking limbo – Cannabis News

BOSTON (AP) -- As marijuana shops sprout in states that have legalized the drug, they face a critical stumbling block - lack of access to the kind of routine banking services other businesses take for granted.

Continue reading

U.S. Sen. Warren seeks to pull pot shops out of banking limbo – Cannabis News

BOSTON (AP) -- As marijuana shops sprout in states that have legalized the drug, they face a critical stumbling block - lack of access to the kind of routine banking services other businesses take for granted.

Continue reading

Bernie Sanders Wants Fewer Cannabis Banking Regulations – Cannabis News

Despite any recent election disappointments, Bernie Sanders has not slowed down in the least when it comes to supporting causes he cares about, like fair and equal treatment for cannabis businesses.

Continue reading

Bernie Sanders Wants Fewer Cannabis Banking Regulations – Cannabis News

Despite any recent election disappointments, Bernie Sanders has not slowed down in the least when it comes to supporting causes he cares about, like fair and equal treatment for cannabis businesses.

Continue reading

Oregon bills to make cannabis banking, investment easier sail forward – Marijuana News

Bills to eliminate residency requirements for pot business ownership, give lenders legal protections and combine medical and recreational cannabis retail outlets all moved forward easily in the Oregon Legislature last week, though none have yet become law.

Continue reading

As Marijuana Sales Grow, Start-Ups Step In for Wary Banks - Marijuana News

New start-ups have been putting together software that helps banks and dispensaries monitor and record transactions, with the long-term goal of moving transactions away from cash.

Continue reading

Wall Street investors see budding opportunity in U.S. cannabis – Marijuana News

Image: WeedWorthy.com

Wall Street investors are deciding it's time to just say yes to marijuana as legalization of cannabis in more U.S. states has them smelling money-making opportunities.

Continue reading

Judge tosses Denver marijuana credit union's suit for federal approval – Marijuana News

Image: The Fourth Corner Credit Union

Forcing Federal Reserve to bank on pot credit union would give approval to criminal activity, federal judge says.

Continue reading

Fed wants Denver marijuana credit union lawsuit snuffed out

Fourth Corner Credit Union building in Denver.File Image: David Zalubowski, AP
 
The Federal Reserve Bank of Kansas City has asked a federal judge in Colorado to dismiss a lawsuit filed against it by a Denver-based credit union that wants to provide financial services to the marijuana industry.
Continue reading

Senate panel votes to give pot shops access to banks

Sign at Denver dispensary. Photo: WeedWorthy.com
 
The Senate Appropriations Committee on Thursday voted 16-14 on an amendment that would prevent federal funds from being used to prohibit or penalize financial institutions that provide services to marijuana businesses in states where it’s legal.
Continue reading

WeedLife.com