PYMNTS

OCTOBER 17, 2018

On October 4, the Massachusetts Cannabis Control Commission (CCC) issued its final four recreational marijuana licenses to businesses, meaning legal marijuana will soon be available for purchase. Massachusetts joins a handful of states, including Colorado, Washington and Maine, that have taken steps to legalize recreational marijuana.

Credit Union 50

Credit Union Legal Non-Bank Underserved 50

PYMNTS

APRIL 30, 2020

As the narrative goes, legal cannabis companies, often small- to medium-sized businesses (SMBs), are forced to rely on cash for both B2B and B2C payments. Legalization at the national level is coming eventually, said Beuerlein, but that doesn’t mean banks’ willingness to service firms in this market is an inevitability.

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Legal Credit Union Cannabis Banking Non-Bank 78

PYMNTS

MAY 14, 2018

The conundrum of cannabis banking in the U.S. is both a headache for legal marijuana businesses and an intriguing case study for the financial services industry. The legal marijuana industry in North America, which handled an estimated $9.7 The legal marijuana industry in North America, which handled an estimated $9.7

Legal 52

Legal Fincen Compliance Due Diligence 52

PYMNTS

DECEMBER 26, 2018

17 reintroduced the STATES (Strengthening the Tenth Amendment Through Entrusting States) Act, which is designed to protect the interests of states where marijuana use is legal. Right now, there are 32 states where medical marijuana is legal, and 10 that allow adult recreational-use pot. Cory Gardner (R-Colo.) had on Dec.

Cannabis Banking 55

Cannabis Banking Fincen Legal Financial Crimes 55

PYMNTS

DECEMBER 12, 2018

Cash is king in business — or at least the maxim holds true for some businesses, where legal issues are works in progress and banks shy away from providing services. To that end, the number of banking firms that actively provide services for marijuana firms has grown by 20 percent since the dawn of 2018.

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Fincen Legal Financial Crimes Credit Union 68

PYMNTS

MARCH 27, 2019

A bill that could bring clarity to payments for legal cannabis purchases in the U.S. The news comes as financial institutions are putting pressure on lawmakers to resolve the situation, given the growing and lucrative nature of legal cannabis business and its inability to move away from cash-based transactions.

Cannabis Banking 66

Cannabis Banking Legal Laws Credit Union 66