SAFE Banking: Are we there yet? August 16, 2023 Joe Silvia Banking, Finance & Real Estate 0 Comments By Joseph E. Silvia Businesses of all kinds depend on financial services provided by banks, credit unions, and other depository institutions to operate and grow their businesses. Cannabis related businesses are no different. Even as a majority of states have… Read More→
Banking on Cannabis: An Insider’s Guide to Banking With Marijuana-Related Businesses December 10, 2018 Alan Hanson Banking, Finance & Real Estate 0 Comments By Alan Hanson There are many articles written about the issues surrounding banking Marijuana-Related Businesses (MRBs), but there are very few that discuss how banks can actually do this. And there are even fewer written by someone who has successfully helped… Read More→
A Half-Banked Industry — New Cannabis Businesses Need Access To Financial Service October 24, 2018 Adam Crabtree Banking, Finance & Real Estate 0 Comments By Adam Crabtree, Andrew Freedman and Crystal Good If you ever open a cannabis business, you will have this meeting: Some really big guys will contact you about your cash problem. A cash problem only they could solve. It will… Read More→
Cannabis, Congress and Courage: Why Banks aren’t Banking Marijuana Businesses September 14, 2018 Jim Richards Banking, Finance & Real Estate 0 Comments By Jim Richards In January 2018, Attorney General Sessions “revoked Obama-era guidance that had effectuated a hands-off approach to state-legalized cannabis businesses.” This quote from an online National Law Journal article (see https://www.law.com/nationallawjournal/2018/09/11/feds-should-be-banging-the-drum-the-loudest-for-cannabis-industry-banking/?slreturn=20180812164053) and others like it, have been used… Read More→
Cannabis Banking Issues: All Cash and Not A Lot of Protection June 1, 2016 Steven Schain Banking, Finance & Real Estate 0 Comments By Steven Schain Ever accidentally find $5.4 billion of cash in your back pocket? The cannabis industry did in 2015, after virtually no bank would accept legalized marijuana sales deposits. Instead, because the Comprehensive Drug Abuse Prevention and Control Act,… Read More→
Marijuana Law: Protecting Your Client and License May 17, 2016 Steven Schain Policy & Legal 0 Comments By Steven Schain It's really here, it's really lucrative and it's really tricky.Joining 23 states and the District of Columbia, legalized medical cannabis has come to Pennsylvania in the form of the Medical Marijuana Act, signed into law on April… Read More→