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Cannabis legislation is working its way in many states, and some – including California – have made it legal to use, possess and share cannabis. Tax professionals need to know how recent legislation on the drug can affect a taxpayer's return, such as for growers on how they can make use of...

Over the past 10 years, Virginia authorities have arrested more than 133,000 people suspected of marijuana possession. Each year, about 10,000 individuals are convicted of a first-time marijuana possession offense. And on one day in July 2017, there were 127 individuals in jail on a marijuana...

Who should share in the spoils of the new recreational marijuana industry? If pro-pot advocates get their way, it won't be any of the more than 100 municipalities that have enacted bans, moratoriums, or tight limits on licensed marijuana operations. Proponents of legalized marijuana are...

Hawaii said Tuesday that it will be the first state to require marijuana sales to be handled without cash, saying it wanted to avoid robberies and other crimes targeting dispensaries. Medical marijuana dispensaries in Hawaii won't be allowed to accept cash beginning Oct. 1 and will require...

There's plenty of cash circulating in the cannabis industry. The problem is finding a place to deposit it. Cannabis businesses don't want to conduct cash-only transactions, which can pose huge safety and security risks. Manufacturers and dispensaries end up with large amounts of cash on hand...

A marijuana credit union has won a small victory in its quest to provide banking services to pot businesses in Colorado. The 10th U.S. Circuit Court of Appeals vacated a lower court's ruling that denied Fourth Corner Credit Union's attempt to open a Federal Reserve master account, which is...

I don't know if it's a trial, or if it's as permanent as anything ever is, but for the time being our credit card system is back up & working. I don't even know if it's just Visa or just Mastercard - just wanted to let you guys know. Any problems, don't hesitate to reach out - as always...

The state Senate Judiciary Committee on Tuesday approved a measure that would decriminalize possession of small amounts of marijuana. Bills to decriminalize small amounts of marijuana have passed through the New Hampshire House of Representatives eight times over the past decade. But they've...

As credit union professionals, we pride ourselves on doing what is right, not just what everyone else is doing. The backbone of the credit union movement is service to all segments of society — including those that are underserved and unbanked. It's not our only mission, but it is one of the key...

I get a " Ada Boy " for not killing this plant. The praise must to go to TGA. This strain is amazing. I have not even smoked any and I'm already making plans to keep growing this strain. While all the plants are doing great. Filling in nice and covered frost. 1 though is the clear winner. She...

The federal ban on marijuana means banking is a big problem for marijuana businesses. Some owners are driving around with hundreds of thousands of dollars in cash. But now, one small Willamette Valley credit union is opening accounts for them. Shane Saunders with MAPS Credit Union said...

What are some of the most reliable seed banks that accept credit cards?

Westbrook, Maine – Banks and credit unions are keeping their distance from the marijuana industry because the federal government still considers marijuana illegal. Legal marijuana businesses can't accept credit cards, they can't secure bank loans or get any other business services provided by...

Washington - There's a whole lot of cash sitting in marijuana shops in Washington state, Colorado and elsewhere, with less than 3 percent of the nation's banks and credit unions willing to do business with them. And with another eight states voting last month to expand access to legal...

CS Compliance Systems ran into trouble this month over its ability to accept credits, even though the Denver-based consulting and technology firm doesn't sell marijuana. Merely working with cannabis dispensaries was enough for CS Compliance Systems to have its credit card processing...

Fairbanks - Alaska USA Federal Credit Union has restricted 10 personal accounts linked to people starting a marijuana-related business, a spokeswoman for the financial institution confirmed. It's a preemptive strike meant to prevent scrutiny from the federal government as the marijuana...

To make payroll each month, Dori Dempster used to have to carry cash to the bank in $10,000 chunks. And that, she said, was before the credit union where her medical marijuana dispensary banked abruptly closed its account. Since it opened in Vancouver in 2008, The Medicinal Cannabis...

Tim Cullen's marijuana business brought in millions of dollars last year, but he's had a hard time finding a bank to take the money. He's cycled through 14 checking accounts in six years. Recently, he said, a bank closed all his personal accounts, including college savings for his 3-year-old...

A federal judge day dismissed a lawsuit filed by the Fourth Corner Credit Union against the Federal Reserve in hopes of providing banking services to the legal cannabis industry. In his ruling, Judge R. Brooke Jackson said Congress must provide the answer, stating, "I regard the [cannabis...