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You are here: Home / Archives for Marijuana Banking

Marijuana Banking

IRS Sweetens The Pot With New Marijuana Industry Web Page

September 15, 2020 by AggregatedNews Leave a Comment

Not sure that things are changing in the tax and legal worlds? Here’s proof that it is: The Internal Revenue Service (IRS) has released a new marijuana business webpage to help business owners understand and meet their tax responsibilities. That’s right. Marijuana. Webpage. At IRS.gov. You can find it here. The IRS says that it “understands […]

Filed Under: Policy & Legal Tagged With: Internal revenue service, Marijuana Banking, marijuana industry, marijuana irs, marijuana taxes, marijuana website

Day of reckoning could loom for some medical marijuana license holders in Oklahoma

June 12, 2020 by AggregatedNews Leave a Comment

Oklahoma Medical Marijuana

Chris McAlvain and Matt Blackwood were going by the books on their first crop — especially with their combined savings on the line. They did their research, paid for their license, bought their equipment and cured their harvest for 40 days, three weeks past the minimum recommendation. The founders of Green Sky Pharms, located 45 […]

Filed Under: Oklahoma Tagged With: Bankruptcy, Coronavirus, COVID-19, Marijuana Banking, marijuana licenses, marijuana sales, medical marijuana, oklahoma marijuana, pandemic

Utah attorney general wants Congress to let marijuana businesses use banks

May 24, 2020 by AggregatedNews Leave a Comment

Utah Attorney General Sean Reyes joined a bipartisan coalition of 34 state and territorial attorneys general asking Congress to let legal marijuana businesses access the federal banking system. They are urging Congress to pass the federal Secure and Fair Enforcement (SAFE) Banking Act or a similar bill as part of upcoming COVID-19 relief legislation. “This bill would […]

Filed Under: Banking, Finance & Real Estate, Utah Tagged With: Coronavirus, COVID-19, Marijuana Banking, pandemic, US Congress, Utah Attorney General Sean Reyes, utah marijuana

Allowing marijuana businesses to open bank accounts could be part of coronavirus stimulus

April 17, 2020 by AggregatedNews Leave a Comment

Legislation allowing banks to provide credit cards and checking accounts to legal cannabis businesses has been stalled in the Senate. But members of Congress are looking to add its provisions to the next coronavirus stimulus bill, NJ Cannabis Insider has learned. The argument is that many patients who use legal marijuana are among the most vulnerable to contracting COVID-19, […]

Filed Under: Banking, Finance & Real Estate Tagged With: coronavirus stimulus bill, COVID-19, Marijuana Banking, New Jersey Marijuana, SAFE Banking Act

Colorado Launches Array of Marijuana Banking Efforts

February 4, 2020 by AggregatedNews Leave a Comment

After over six years of limited movement at the state level and with Congress currently stalled, Colorado lawmakers and other officials have launched several campaigns to provide more guidance and protection for financial intuitions that provide services to the state’s legal marijuana industry. Although currently legal in Colorado and ten other states, as well as […]

Filed Under: Colorado Tagged With: Colorado Department of Regulatory Agencies, Colorado marijuana, Jared Polis, Legal Marijuana, Marijuana Banking, recreational marijuana

Missouri’s New Medical Marijuana Industry Puts Banks In A Tough Spot

January 9, 2020 by AggregatedNews Leave a Comment

Robbie Guard sees a green opportunity in Missouri’s newest industry — medical marijuana. He runs the Cape Girardeau office for MRV Banks. The 13-year-old institution has just three locations along the Missouri side of the Mississippi River.  As a relatively young bank with a small footprint, it struggles to bring in new accounts. Guard hopes […]

Filed Under: Banking, Finance & Real Estate, Missouri Tagged With: Legal Marijuana, Marijuana Banking, medical marijuana, Missouri Cannabis Industry Association, missouri marijuana

Democrat Buttigieg used marijuana ‘a handful of times’

October 24, 2019 by AggregatedNews Leave a Comment

Democratic presidential candidate Pete Buttigieg said Wednesday that he’s used marijuana “a handful of times a long time ago,” and that it’s time for the U.S. to legalize marijuana. Buttigieg, speaking to reporters after touring a legal pot dispensary in suburban Las Vegas, was asked about whether he’d ever used marijuana. “I have. A handful […]

Filed Under: Policy & Legal Tagged With: las vegas marijuana, Marijuana Banking, Pete Buttigieg marijuana, recreational marijuana

Colorado’s top federal prosecutor says banks working with marijuana industry have “no carve out” from prosecutions

October 2, 2019 by AggregatedNews Leave a Comment

Colorado’s top federal prosecutor says that he would never tell banks working with legal marijuana businesses in the state that they are devoid of criminal liability.  “As federal prosecutors,” Jason Dunn told The Colorado Sun on Tuesday, “we will never tell them that what they are doing is lawful under federal law. There’s always a […]

Filed Under: Banking, Finance & Real Estate, Colorado Tagged With: Colorado marijuana, Marijuana Banking

Marijuana expected to get traction in Senate — as a banking bill

September 26, 2019 by AggregatedNews Leave a Comment

The Senate is poised to take up legislation to boost the nation’s booming cannabis industry, with its backers feeling bullish and selling it as a bill that is more about banking than marijuana. Their confidence follows action in the House on Wednesday, where Democrats and Republicans joined forces to pass an historic bill that would give […]

Filed Under: Banking, Finance & Real Estate Tagged With: Marijuana Banking, Mike Crapo, US senate marijuana

House to vote on bipartisan cannabis banking bill this month

September 16, 2019 by AggregatedNews Leave a Comment

Cannabis IRS Marijuana Price Check IRS Refund Fines Denver Cannabis Banks Illinois Marijuana Cash

The House will vote later this month on a bipartisan bill that will allow cannabis businesses access to the federal banking system. House Majority Leader Steny Hoyer intends to bring the SAFE Banking Act to the House floor for a vote this month, his office confirmed to CNN.   Hoyer announced at the whip meeting Thursday on Capitol Hill […]

Filed Under: Banking, Finance & Real Estate Tagged With: Marijuana Banking, SAFE Banking Act, Steny Hoyer, US House Finance Committee

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