cash

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...

There aren't too many industries that can hold a candle to the returns of cryptocurrencies these days, but the marijuana industry isn't going down without a fight. Marijuana stocks certainly have investors seeing green, with a majority of pot stocks in excess of $200 million in market cap at...

Many marijuana growers in northern California, America's biggest source of the stuff, had expected this autumn's harvest to be the largest ever. After all, recreational marijuana becomes legal in the state in January. Instead, wildfires in October–spreading so fast they killed 43 people–burned...

As Congress and the White House work on a tax bill that will reduce revenues going to states, they are simultaneously impeding the growth of an industry that is set to add billions to state tax revenues: legal cannabis. Under the guise of protecting public health and safety, federal policy is...

Digital currencies may solve some the legal cannabis industry's woes by becoming an alternative to cash payments. Despite recent state-level ballot initiatives across the US that legalizes marijuana in one form or another, the drug still remains illegal at the federal level. While it's unlikely...

Cash and cannabis have long gone hand in hand. The federal government, with its insistence that marijuana is a schedule one controlled substance, makes federally insured banks and credit cards nervous about dealing with cannabis companies. But, Hawaii is looking to change that. By October 1...

Marijuana may be illegal at the federal level, but that hasn't slowed growth of the drug one iota within the U.S. or North America. In June, Mexico fully legalized medical cannabis, and right now Canada is debating legislation that would legalize recreational marijuana by the summer of 2018...

Hawaii has decided to turn its medical marijuana program into a cashless payment system in the hopes of avoiding the problems that other states and businesses have faced when dealing large sums of cash. The goal is that by October 1, all of Hawaii's licensed dispensaries will no longer use cash...

A judge in San Francisco, in the first known ruling of its kind, has halted federal prosecution of two North Coast marijuana growers because Congress has prohibited the Justice Department from interfering with states' medical marijuana laws. Anthony Pisarski and Sonny Moore pleaded guilty in...

Jerred Kiloh's eyes narrowed as he checked his mirror again. The black Chevy SUV with tinted windows was still behind him. It had been hanging off Kiloh's bumper ever since he nosed out of the parking lot behind his medical-marijuana dispensary with $40,131.88 in cash in the trunk of his...

Four times a year, some Santa Barbara County cannabis growers drive to the IRS office in Camarillo with as much as $200,000 in cash stuffed in duffel bags. That is just to pay taxes. Utility bills? Cash. Thirty employees? Cash. Fuel? Cash. As debit cards and chips wipe out the need for...

With all the hype over medical marijuana, you'd think it'd be easy for the medically eligible to get. Not so, members of Pittsburgh city council were told on Thursday. "We're sort of like a pharmacy, but we're a little bit different," said Dr. Robert Capretto, chair of Keystone Relief...

This spring, the state Legislature passed a 4-percent sales tax on medical marijuana. The same deliberative body that could not bring itself to issue bonds for schools and rural water systems had no problem taxing medicine, probably because we all know medical marijuana is actually for fun. For...

State revenue officials are working on the roll-out of the latest medical marijuana program with a tax on the drug – the first of its kind in the state – which could increase the agency's capacity for handling cash. Legislators passed SB333 this spring, adding a number of regulations to the...

Hi! I'm pretty sure that I made a rookie mistake. I ordered seeds and sent in cash by USPS. I used priority shipping, which entailed that I fill out a customs form. I did NOT use the name of the seed bank. I used a fake name for the bank and I used a fake name on the envelope and a fake address...

Medford, Ore. – As legalized marijuana brings more business to Oregon, some communities are seeing a large amount of cash in the economy thanks to strict regulations keeping banks away from the businesses. Banking officials say that after years of moving away from cash, financial institutions...

Hello, So a couple months ago I sent cash in the mail to buy seeds from a very reputable company in Amsterdam and they have not acknowledged receipt of the cash. I cannot use a credit card or check and there is no safer way than to send cash. I don't think I have any other way to find seeds...

Sacramento – California has legal marijuana, but nowhere to put all the cash. Cannabis is illegal in the eyes of the federal government and for that reason, many banks and credit unions deny marijuana businesses their service. Now, elected leaders from states with legal weed including...

Bob Dillard noticed something important, I think, that also happened on November 8 concerning marijuana legalization: "At what point do we begin recognizing the tremendous number of our fellow citizens who now can use a cash crop that is transforming the economies of Colorado, Oregon...

Piles of cash. It's often one of the biggest challenges for a marijuana company. By law, customers can't use credit cards to buy marijuana, and banks won't open accounts for cannabusinesses because they are federally illegal. For the most part, customers pay with cash, stores compensate...