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→
The Cannabis Administration and Opportunity Act: What’s In It, What’s Changed Since the Discussion Draft, and Will It Pass? July 28, 2022 Jonathan Havens Uncategorized 0 Comments By Seth Gitner, Jonathan Havens, and Adam Fayne In July 2021, Senate Majority Leader Chuck Schumer (D-N.Y), along with Senators Ron Wyden (D-Ore.) and Cory Booker (D-N.J.), released a discussion draft of the Cannabis Administration and Opportunity Act (CAOA). The… Read More→
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→
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→
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→
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→