Recreational cannabis is almost here: where should the stores put their money? August 9, 2021 AggregatedNews Banking, Finance & Real Estate, New Mexico 0 Comments ALBUQUERQUE, N.M. — As of July, cannabis is legal to grow, possess and use recreationally in New Mexico. However, the drug is still illegal at the federal level, which means that getting access to bank accounts, loans and other financial… Read More→
CANNABIS CRYSTAL BALL: What Lies Ahead for the Cannabis Industry in 2021 and Beyond January 13, 2021 Reggie Snyder News & Insights 0 Comments By Reggie Snyder In early 2020, prior to the coronavirus pandemic, cannabis reform efforts were making steady progress on Capitol Hill. By all objective metrics, 2020 was initially shaping up to be a banner year for the cannabis industry at… Read More→
ICYMI: The New FinCEN Hemp Banking Guidance July 9, 2020 Hilary Bricken Banking, Finance & Real Estate, Hemp Policy & Legal 0 Comments By Hilary Bricken, Co-founder Harris Bricken Last week, the Financial Crimes Enforcement Network (FinCEN), issued new guidance (the “FinCEN Guidance”) for financial institutions working with hemp-related businesses. The FinCEN Guidance centers on due diligence requirements as related to the Bank… Read More→
Credit Unions and Hemp: New Federal Guidance is Here! June 24, 2020 AggregatedNews Hemp Policy & Legal 0 Comments By Vince Sliwoski, Attorney at Harris Bricken Last week, the National Credit Union Administration (NCUA) issued new guidance (“Guidance”) for federally-chartered credit unions serving the hemp industry. All of us at Harris Bricken were excited to see the Guidance released:… Read More→
Medical and Recreational Marijuana: An Overview of the Various Issues Involved in Starting and Operating Marijuana Dispensaries Part 4 May 13, 2020 Reggie Snyder Policy & Legal, Retail 0 Comments This article is the fourth part of a six-part series discussing the legal issues, operational challenges, and regulatory hurdles that marijuana-related businesses (MRBs) frequently encounter. Part 1 discussed the various fire, health, and safety risks that MRBs encounter while growing… Read More→
Hemp Industry Is Cleared to Do Business With Banks December 5, 2019 AggregatedNews Banking, Finance & Real Estate, Hemp Policy & Legal 0 Comments United States regulators say hemp businesses should not be treated with any more suspicion than other bank customers. The number of banks in the United States willing to lend to hemp producers can be counted on one hand. That is… Read More→
Top 6 Growing Pains in California’s Cannabis Marketplace November 14, 2019 Hilary Bricken California 0 Comments By Hilary Bricken, Co-Founder, Harris Bricken Every state that’s legalized cannabis for adults 21-and-up has faced that moment or even series of moments that threatened to really derail or seriously stymie market development. California is at that crossroads and has… Read More→
Crapo plans landmark cannabis banking vote September 13, 2019 AggregatedNews Banking, Finance & Real Estate 0 Comments Senate Banking Chairman Mike Crapo says he wants to hold a vote on legislation that would enable banks to serve cannabis-related businesses, in what would be a major victory for the marijuana industry and for lenders eager to enter the… Read More→
Top 5 Buzzkills Keeping Cannabis Down And Out (And Emerging) April 17, 2019 Hilary Bricken Policy & Legal 0 Comments Unfortunately, most of these are here to stay thanks to the Department of Justice and the Controlled Substances Act. By Hillary Bricken, Co-Founder Harris Bricken There’s no question that cannabis remains a rocky, emerging industry even though entire countries and… Read More→
New Legislation Could Solve the Cannabis Industry’s Banking Problem December 3, 2018 Susan Gunelius Banking, Finance & Real Estate 0 Comments One of the biggest obstacles that businesses operating in the cannabis industry face is finding a bank that will work with them. Even ancillary marijuana businesses and people and businesses associated with the marijuana industry have banking problems. To date,… Read More→
Banking Evolution October 15, 2018 Jacques Santucci Banking, Finance & Real Estate 0 Comments The cannabis industry is evolving rapidly and so should your perception of banking. I recently attended the Second Annual State of the Cannabis Industry Conference, in Massachusetts. The event was organized by the cannabis law practice of Burns & Levinson… Read More→
Is This the Solution to the Marijuana Banking Problem? August 6, 2018 Susan Gunelius Banking, Finance & Real Estate 0 Comments There are many aspects of the marijuana banking problem that are a long way from being solved. One of the biggest problems is payment processing – getting money from consumers’ hands to marijuana businesses’ bank accounts. In June of this… Read More→
ICYMI: Legitimate Marijuana Reform May Be On The Horizon For . . . Congress! June 20, 2018 Hilary Bricken Policy & Legal 0 Comments By Hilary Bricken The political stars may finally be aligned to see meaningful marijuana law reform be puff-puff-passed. It seems like every year, the old pot guard in Congress tries its hand at some form of marijuana legalization. Though these… Read More→
Banks Gaining Confidence, Opening Doors to Navigable Pathway for Cannabusinesses October 4, 2017 Bob Hoban Banking, Finance & Real Estate 0 Comments Banking for the cannabis industry has been a challenge to say the least. That said, there exists a navigable pathway for existing cannabis markets and for new state markets to follow. In light of lingering concerns that Attorney General Jeff Sessions… Read More→
How to Open a Marijuana Bank Account October 12, 2016 Steve Owens Banking, Finance & Real Estate 1 Comment According to the Associated Press (AP), more than 300 banks and credit unions (institutions) in the United States now handle marijuana money. This is almost a 500% increase from early 2014. There are more than 25 states with some form… Read More→