FundCanna Goes Where Banks Fear to Tread January 17, 2023 Tom Hymes Banking, Finance & Real Estate, News & Insights, Spotlight 0 Comments Founded in 2021, Solana Beach, California-based FundCanna offers a growing repertoire of financial products to cannabis businesses in need of funds. Specializing in loans that target small to medium-sized businesses, but also able to meet the needs of larger companies,… Read More→
Cannabis Security Interests: Dos and Don’ts December 15, 2022 Hilary Bricken Banking, Finance & Real Estate 0 Comments By Hilary Bricken Principal at Harris Bricken I previously wrote about how the cannabis industry should prepare itself for tough financial times. Capital is increasingly hard to come by unless you find yourself in a newly launched state like New… Read More→
Financial Giant Euroclear Announces Plans To Stop Supporting ‘Cannabis-Related Stocks’ December 13, 2022 Ben Stevens Banking, Finance & Real Estate 1 Comment EUROCLEAR, one of the world’s largest financial clearing houses which serves 90% of the world’s 50 largest banks, has informed investors that it will ‘no longer support international cannabis-related stocks’ from January 2023. The move has left swathes of UK… Read More→
Weed’s Workaround to the Banking System Is Getting Shut Down December 6, 2022 AggregatedNews Banking, Finance & Real Estate 0 Comments Systems that took bank cards at dispensaries are affected, The technique had moved $7 billion around the banking system Marijuana shops across the US are rushing to find alternative ways for customers to pay after networks that supported a popular workaround… Read More→
As Michigan Cannabis Industry Matures, Demand for Capital Surges December 5, 2022 Ray Zillgitt Banking, Finance & Real Estate, Op-Ed 0 Comments It has been a tumultuous year for marijuana in Michigan. Since the state legalized the recreational use of cannabis in 2018, the industry has seen a glut of applications for new facilities. The vast majority have been approved. As new players entered… Read More→
Senate Democrats to reportedly push banking reforms for cannabis industry December 5, 2022 AggregatedNews Banking, Finance & Real Estate 0 Comments Democrats in the Senate will push to liberalize banking access to the cannabis industry during the lame duck session, it was reported on Saturday, in moves being watched closely by the Department of Justice which is concerned that reforms could… Read More→
Crashed Crypto FTX Invested Millions in Cannabis-Courting Moonstone Bank November 28, 2022 Tom Hymes Banking, Finance & Real Estate, News & Insights, Washington 0 Comments UPDATED A November 23 article by New York Times reporter Stephen Gandel raised questions about an investment by bankrupt crypto exchange FTX into Farmington State Bank, a tiny financial institution in rural Washington state that has been serving the local… Read More→
Sean ‘Diddy’ Combs to Buy Cannabis Operations in New York, Two Other States for Up to $185 Million November 4, 2022 AggregatedNews Banking, Finance & Real Estate, Multiple State Operators, News & Insights 0 Comments Hip-hop mogul and entrepreneur is acquiring marijuana assets to be divested in merger of Cresco Labs and Columbia Care Sean “Diddy” Combs has agreed to purchase licensed marijuana operations in three states for up to $185 million, adding a new business… Read More→
Custom Cannabis Financing in an Off-the-rack World October 19, 2022 Andrew Kaye Banking, Finance & Real Estate 0 Comments With traditional funding mechanisms mostly out of reach, cannabis entrepreneurs are finding opportunities with new financing options By Andrew Kaye Imagine you are shopping for a new suit. It is possible to walk into a store and grab something off… Read More→
It’s Time to Stop Forcing the Cannabis Industry to Launder its Money October 7, 2022 Robert Baron Banking, Finance & Real Estate, Op-Ed 2 Comments Why the SAFE Banking Act is the Wrong Solution to the Right Problem. By: Robert Baron, CAMS As a cannabis banking expert, and a Certified Anti-Money Laundering Specialist (CAMS), I believe the cannabis industry deserves access to banking. Unfortunately, they… Read More→
Female-led cannabis companies receive ‘fraction of capital’ of male counterparts: Wana Brands CEO September 18, 2022 AggregatedNews Banking, Finance & Real Estate 0 Comments Although the cannabis industry has become more widely accepted throughout the U.S., the number of companies led by women has not kept up. According to the chief executive of Wana Brands, a female-led edibles company, a major part of this… Read More→
What data should Cannabis Operators use to drive decisions August 24, 2022 Dave McManus Accounting, Banking, Finance & Real Estate 0 Comments Data and finance are increasingly linked, and cannabis dispensaries that are growing fast – or facing headwinds – should be on the lookout for information that helps them adapt. Gathering the right analytics has become top of mind for financial… Read More→
Juicy Fields Has Now Entered Its Next Phase As More Fraudsters Emerge ‘Attracted By The Business Opportunity Of Scamming These Victims’ August 24, 2022 Ben Stevens Banking, Finance & Real Estate, Europe 0 Comments SIX weeks after the initial downfall of Juicy Fields, and the scandal has entered a new, unexpected phase that threatens to be just as harmful as the first. As the individuals and businesses publicly associated with Juicy Fields either retreat… Read More→
The Cannabusiness Key June Webcast: The State of Cannabis Capital Markets and M&A July 5, 2022 CBE Staff Banking, Finance & Real Estate, Mergers & Acquisitions 0 Comments The following is a transcript of The Cannabusiness Key “The State of Cannabis Capital Markets and M&A” webcast, which aired on June 29, 2022. It has been edited for clarity. For more information, and to register to view the archived… Read More→
Cannabis banking reform is almost here. What happens next? June 3, 2022 AggregatedNews Banking, Finance & Real Estate, News & Insights 0 Comments DAILY SHOW INTRO: From Comedy Central’s News Headquarters in New York, this is the Daily Show — with Trevor Noah. BRENDAN PEDERSEN: Do you remember how this country used to talk about weed? Specifically how paid communications professionals used to… Read More→