Tag Archives: Financial Services

John Chiang and Cannabis Banking and Lack of Banking and Public Bank

Treasurer Chiang Releases Recommendations to Address Lack of Banking for Cannabis Industry

Treasurer Chiang Releases Recommendations to Address Lack of Banking for Cannabis Industry

SACRAMENTO, Calif., Nov. 7, 2017 /Weed Wire/ – State Treasurer John Chiang today released a report outlining steps California can take to address the lack of banking services that force much of the cannabis industry to operate in cash.

This Is What One Massachusetts Bank Thinks of Marijuana Money

This Is What One Massachusetts Bank Thinks of Marijuana Money

On Aug. 6, 2017, the National Conference of State Legislatures carved out 90 minutes during its summit in Boston for a panel on financial services for legal marijuana businesses, addressing efforts to move marijuana money from a cash-only model to a mainstream banking model.

sales

Could Legal Recreational Sales Begin in DC in 2016?

The Financial Services spending bill adopted by the Senate Appropriations Committee on July 23, 2015, omitted language that would ban regulated sales of marijuana in Washington, D.C.

banking

Senate Committee Approves Marijuana Banking Amendment

The Senate Appropriations Committee approved an amendment with a vote of 16-14 aimed at protecting marijuana businesses and allowing access to banking services. Federal agencies would not be able to use federal funds to punish financial institutions for doing business with the marijuana industry.


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