PYMNTS

OCTOBER 17, 2018

Treasury Department’s Financial Crimes Enforcement Network (FinCEN), there are approximately 100 credit unions nationwide currently working with legalized marijuana businesses. So, when we started talking to our board of directors about entering the cannabis banking space, we really looked to our mission statement.”.

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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 policymakers in 2014.

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PYMNTS

DECEMBER 26, 2018

has rejected the STATES Act, legislation that would allow states to regulate their own cannabis industries without federal intervention. The STATES Act would allow those in the cannabis industry to secure basic banking services so they won’t have to rely so heavily on cash. The Motley Fool reported that Sen.

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PYMNTS

DECEMBER 12, 2018

Nowhere does that ring truer than in the nascent and growing legal cannabis industry, where billions of dollars flow the old-fashioned way — hand to hand, because of the clash between federal and state regulations over its legality. Treasury Department’s Financial Crimes Enforcement Network (or FinCEN for short).

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