Trump Administration Bars SBA Loans to Cannabis Industry Support Businesses May 12, 2018 Steven Schain Policy & Legal 0 Comments In a policy notice effective April 3, the U.S. Small Business Administration (SBA) updated its standard operating procedures (SOP) to prohibit providing loans to both marijuana- and hemp- related businesses and businesses deriving any gross revenue from sales to marijuana… 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 Âlegalized marijuana sales deposits. Instead, because the Comprehensive Drug Abuse Prevention and Control Act,… Read More→