By Alan Hanson There are many articles written about the issues surrounding banking Marijuana-Related Businesses (MRBs), but there are very few that discuss how banks can actually do this. And there are even fewer written by someone who has successfully helped a bank do it! As general counsel and compliance officer for an Oregon credit union, […]
Marijuana related businesses
Setting Up Private Equity in the Cannabis Industry
Over the last fifteen months nearly every fifth call fielded by the Hoban Law Group involves questions about private equity: What is a private equity fund? How do I set up a private equity fund? Should I invest in a private equity fund? Is it legal to invest in a cannabis private equity fund? Private […]
FinCEN: Steady Upward Trend of More Commercial Banks Working With Cannabis Businesses
The cannabis banking conundrum is getting better.. but still has a long way to go. That is the finding of recently released information by the Financial Crime Enforcement Network (FinCEN) that charted cannabis banking activity from January, 2014 to March, 2017. The FinCEN report showed that depository institutions that provided banking services to marijuana-related businesses […]
The Fourth Corner Credit Union responds to the Federal Reserve Bank of Kansas City lawsuit
By Mark Goldfogel With our appeal underway in the David vs.Goliath battle over cannabis banking, it’s time that The Fourth Corner Credit Union responds with our thoughts regarding Judge Jackson’s ruling in favor of the Federal Reserve Bank of Kansas City, and, shares our plans going forward. While “Round 1” may have gone to Goliath, […]
