cannabis banking

Political support for legal cannabis is mounting, but some experts argue that the measures being proposed won’t be enough to address one of the industry’s biggest challenges: banking. In recent weeks, top U.S. lawmakers and political influencers have offered a host of calls-to-action for federal and state reforms, sending strong signals that the legal risks […]

Colorado’s governor signed into law on Friday a measure to create the nation’s first state-run marijuana financial cooperative, potentially giving newly legalized cannabis vendors access to banking services through the U.S. Federal Reserve. The bill signed by Governor John Hickenlooper permits the creation of so-called “cannabis co-ops” – similar to credit unions without deposit insurance […]