PYMNTS

NOVEMBER 1, 2018

In California, where WAYV operates, and where the legal cannabis market is expected to reach a $5.1 billion valuation by the end of the year, accepting cash at the point-of-sale (POS) and using cash to pay vendors, business partners and taxes remain commonplace.

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Legal Point-of-Sale (POS) Regulations Cannabis Banking 49

PYMNTS

MAY 14, 2018

The conundrum of cannabis banking in the U.S. But the cannabis market that struggles to access banking services is not limited to small dispensary storefronts (although they are undoubtedly affected by such legal hurdles). The legal marijuana industry in North America, which handled an estimated $9.7

Legal 52

Legal Fincen Compliance Due Diligence 52

PYMNTS

OCTOBER 17, 2018

So, when we started talking to our board of directors about entering the cannabis banking space, we really looked to our mission statement.”. “I think the credit union industry plays a very vital role in serving the underserved,” Sbrega said. Part of our mission is to improve the quality of life in our communities.

Credit Union 50

Credit Union Legal Non-Bank Underserved 50

Finovate

SEPTEMBER 23, 2024

Finovate Podcast host Greg Palmer interviews Jeff Trammell of Merchants & Marine Bank on the issue of cannabis banking and community banks. Headquartered in Pascagoula, Mississippi, Merchants & Marine Bank is a community bank that has served customers in the Gulf Coast region of the U.S.

FinTech 105

FinTech Cannabis Banking Online and Mobile Banking Community Banks 105

PYMNTS

DECEMBER 26, 2018

has rejected the STATES Act, legislation that would allow states to regulate their own cannabis industries without federal intervention. Senate Majority Leader Mitch McConnell (R-Ky.) The Motley Fool reported that Sen. Cory Gardner (R-Colo.) had on Dec.

Cannabis Banking 55

Cannabis Banking Fincen Legal Credit Union 55

PYMNTS

DECEMBER 12, 2018

Another big misconception is centered, Hart said “around the time and effort required to develop, deploy, and maintain a compliant cannabis banking program. There are steps FIs can take to offer services to the industry while still maintaining compliance with their applicable regulatory requirements.

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Fincen Legal Credit Union Financial Crimes 68

Payments Source

SEPTEMBER 25, 2019

The legislation included changes designed to attract more Republican support, which is key to the measure ultimately becoming law.

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Cannabis Banking Laws Community Banks Finance 63

PYMNTS

MARCH 27, 2019

But a letter this week to the House committee from the National Association of Federally-Insured Credit Unions (NAFCU) accurately reflects the general thinking from financial institutions about the cannabis banking issue.

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Cannabis Banking Legal Laws Credit Union 66