Banking Solutions Available Despite Difficulty Tax Code Causes for Cannabis Industry September 10, 2021 AggregatedNews Banking, Finance & Real Estate 0 Comments The Current State of 280E and Recent Legal Action The impact of tax code Section 280E removes a marijuana-related business’s ability to claim tax breaks as normal commercial, medical, or agricultural businesses. Effectively, 280E forbids businesses from deducting business expenses,… Read More→
Credit Unions Greenlighted to Bank with Hemp Businesses August 21, 2019 Laura Bianchi Hemp Policy & Legal 0 Comments On August 19, 2019, the National Credit Union Association (NCUA), a federal agency that regulates, charters, and supervises federal credit unions, released updated guidance on federally-backed credit unions working with hemp-based businesses. The guidelines clarify that credit unions are permitted… Read More→
Cannabis Banking Blues: How Best To Get A Bank Account June 7, 2018 Hilary Bricken Banking, Finance & Real Estate 1 Comment By Hilary Bricken Securing a bank account will not be easy, but it is possible if you are in the right state and you prepare and act accordingly. In my previous post, I wrote about avoiding the scammers that abound… Read More→