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→
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→