banks

A steadily growing number of banks are willing to open accounts for marijuana businesses, according to new federal data. Even as a string of conflicting signals from the Trump administration surrounds the debate about legalization with uncertainty, the number of depository institutions that...

Florida's First Green Bank started serving the state's medical marijuana industry with much fanfare this year, boasting that it was the only financial institution in the state willing to work with marijuana businesses. "I suspect we'll have the entire industry by [the fall]," the bank's founder...

Zach Lazarus, chief executive officer of A Green Alternative, a marijuana dispensary in San Diego, California, has lost count every time he re-opened a bank account after it was closed because of his connection to the cannabis industry. Lazarus has had to play a game of "whack-a-mole" with...

One of the biggest problems facing California cannabis businesses, regulators and law enforcement officials once recreational marijuana sales become legal on Jan. 1 is what to do about all the cash that is expected to change hands. With marijuana still illegal under federal law, most marijuana...

California has a possible solution to the problem of banks being unwilling to handle money from the state's multibillion-dollar legal marijuana industry, one that officials say would be the first system of its kind in the nation. Talks are underway between the state, banks and federal...

California cannabis entrepreneurs will earn $5.2B in revenue in 2018 as recreational use becomes legal there. The state of California will collect about one billion dollars in accompanying marijuana taxes. These numbers, estimated by Matt Karnes, industry analyst and managing partner of New...

California Treasurer John Chiang wants the state to consider creating a government-owned bank that could serve cannabis businesses, one of several recommendations aimed at helping bring those businesses into the financial mainstream. The recommendations, the product of a year of meetings of a...

With most private institutions and credit unions still avoiding the legal cannabis industry, many marijuana businesses remain without bank accounts. But one idea is gaining acceptance among marijuana entrepreneurs and a growing number of cities and states: the formation of public banks to...

What sort of issues crop up when your industry is locally legal yet federally prohibited, as is the case with marijuana businesses? Banking issues. “The banking problem is probably the most challenging hurdle for entrepreneurs who want to be involved in legal cannabis,” Marijuana Business...

The medical marijuana business in Arkansas will not be cash only, as feared by opponents during last year's campaign for the Arkansas Medical Marijuana Amendment. But banking services for the business will be expensive, secretive and legally dubious, according to representatives of the...

The New York Times reported last week that American banks are putting pressure on their Uruguayan counterparts to close the accounts of anyone registering incomes from the commerce of cannabis in the country. Even though recreational cannabis use is legal in Uruguay, and the industry is being...

Lots of confusion out there these days about seed banks. With new companies starting up every day it is almost impossible sort through it all. First off. Seed Banks are not breeders though some carry seeds under their name. Seed banks are breeder super stores. How they take care of the thousands...

The pharmacies selling pot were doing a brisk business. After Uruguay became the first country in the world to fully legalize marijuana sales for recreational use last month, some of the pharmacies struggled to keep up with the demand. Then came the stern letters from American banks...

The legal sale of marijuana in Uruguayan pharmacies is facing challenges as banks refuse to deal with companies linked to the drug in order to follow international financial laws. A government official said Friday that Uruguayan banks risk running afoul of laws that ban receiving money tied...

Future medical marijuana growers and sellers in the Natural State can't take their money to the bank, for now, that is. After doing his homework, the state lawmaker who crafted the new cannabis laws has learned more money, more problems when it comes to doing business without banking...

Hey guys Was just curious as to which seed banks have given you the most potent seeds. I'm using crop king and they looked good but I also want to shop around To find that top top shelf! Preferably opinions from growers who have use multiple seed banks therefore they can give an honest...

Curtis Nalls, 38, John Banks, 34, and Cassondra McDougald, 32, all of Niagara Falls are accused of conspiracy to smuggle more than 100 kilograms of marijuana into the United States from Canada, according to the U.S. Attorney's office. Border agents in November 2016 received information that...

With recreational marijuana sales set to become legal in California next year and most banks unwilling to open accounts for cannabis companies, pot entrepreneurs are desperate to figure out what to do with their piles of cash. Now, some want the state or cities to get involved. Over the last...

I recently had a grow...being an intermediate. I really noticed the difference between two different seed banks. I noticed at harvest one was tighter and smelled better than the second. I don't know if it was because the temp went up to 85 degrees or not. Do you get what you pay for? Are the...

One decision by a major bank could mean trouble in the not-too-distant future for marijuana stocks. PNC Financial Services is shutting down the bank accounts for a major advocacy group for marijuana legalization, the Marijuana Policy Project (MPP). According to The Washington Post, Nick...