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Thursday, May 29th, 2025

Home » Cannabis Banking

Cannabis Banking

New York State hits $1B in cannabis retail sales

By Dave Kovaleski   |   January 3, 2025   |   Cannabis Banking

New York State’s cannabis industry recently hit a huge milestone, surpassing more than $1 billion in retail sales, announced Gov. Kathy Hochul. “Earlier this year, my administration took critic...

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AICPA makes recommendations to IRS on cannabis businesses in advance of marijuana reclassification

By Dave Kovaleski   |   October 24, 2024   |   Cannabis Banking

The American Institute of CPAs (AICPA) made recommendations for the U.S. Department of the Treasury and the Internal Revenue Service (IRS) on cannabis businesses in advance of marijuana being reclassi...

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CTrust launches credit scoring platform for cannabis businesses

By Dave Kovaleski   |   July 10, 2024   |   Cannabis Banking

CTrust is launching a cannabis credit scoring platform, available to financial institutions, investors, and business owners. CTrust’s Cannabis Trust Score (CTS) and Report provides a credit score...

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Senators push for legal cannabis businesses to have SBA access

By Liz Carey   |   June 6, 2024   |   Cannabis Banking

U.S. Sen. Michael Bennet (D-CO) joined a group of Senators to urge the U.S. Senate Committee on Appropriations to provide cannabis businesses with access to Small Business Administration (SBA) program...

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Delaware to consider bill protecting financial businesses serving legal marijuana industry

By Liz Carey   |   March 25, 2024   |   Cannabis Banking

On Thursday, a bill protecting companies that provide financial services to businesses in the legal marijuana industry was introduced in the Delaware General Assembly. House Bill 355, sponsored by...

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Trulieve closes on financing, announces opening of new medical cannabis dispensaries

By Liz Carey   |   December 29, 2023   |   Cannabis Banking

Cannabis company Trulieve announced this week it had closed on $25 million in financing and would be opening two medical cannabis dispensaries in Florida. The company said it had closed on a comme...

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Senate Banking Committee advances cannabis banking bill

By Dave Kovaleski   |   September 28, 2023   |   Cannabis Banking

A bill that would provide legal cannabis businesses with access to banking and financial services cleared a major hurdle this week as it was approved by the Senate Banking Committee. The Secure and...

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HHS recommends to DEA that marijuana be downgraded to Schedule III substance

By Dave Kovaleski   |   September 1, 2023   |   Cannabis Banking

The U.S. Department of Health and Human Services is recommending that the U.S. Drug Enforcement Agency (DEA) move marijuana from Schedule I to Schedule III under the Controlled Substances Act. Sche...

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Cannabis product providers celebrate start of sales in Maryland

By Douglas Clark   |   July 5, 2023   |   Cannabis Banking

Two Maryland cannabis product providers are celebrating the start of legal, adult use sales in the state, expressing gratitude for the opportunity to serve consumers. International provider of cons...

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Whitney Economics: Domestic cannabis business profitability under 25 percent

By Douglas Clark   |   June 27, 2023   |   Cannabis Banking

Whitney Economics, a cannabis economics data, consulting and research firm, recently reported that 24.4 percent of domestic cannabis businesses are profitable. "By conducting this survey, Whitney E...

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Cannabis Banking

  • New York State hits $1B in cannabis retail sales
  • AICPA makes recommendations to IRS on cannabis businesses in advance of marijuana reclassification
  • CTrust launches credit scoring platform for cannabis businesses
  • Senators push for legal cannabis businesses to have SBA access
  • Delaware to consider bill protecting financial businesses serving legal marijuana industry

Digital Currency

  • Reps. Emmer, Torres introduce Blockchain Regulatory Certainty Act
  • SEC charges Unicoin, top executives in offering fraud
  • Senate votes to consider the GENIUS Act stablecoin bill
  • Blockchain Association names next CEO
  • House Republican leaders draft of bill to establish U.S. digital asset framework

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  • Reps. Emmer, Torres introduce Blockchain Regulatory Certainty Act
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