Innovative Payments Association

AUGUST 29, 2024

With the growing legalization of cannabis across the U.S., However, one major challenge that cannabis businesses face is banking compliance. Due to the federal illegality of cannabis, many banks are hesitant to work with cannabis businesses, making it difficult for these companies to operate smoothly.

Cannabis Banking 52

Cannabis Banking Boot Camp Compliance Money Laundering 52

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

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 Credit Union 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 Credit Union Financial Crimes 68