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Saturday, May 31st, 2025

Home » Cannabis Banking » Page 2

Cannabis Banking

Reps. Rosendale, Houlahan introduce Industrial Hemp Act

By Dave Kovaleski   |   June 6, 2023   |   Cannabis Banking

U.S. Reps. Matt Rosendale (R-MT) and Chrissy Houlahan (D-PA) introduced legislation recently that would create a separate classification for industrial hemp and establishing a new regulatory regime fo...

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Marijuana Policy Project report examines state adult-use cannabis revenue

By Douglas Clark   |   May 3, 2023   |   Cannabis Banking

A Marijuana Policy Project (MPP) report maintains at the end of 2022, states reported a total of over $15.1 billion in tax revenue from adult-use cannabis sales since 2014. “States that have made...

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Bicameral SAFE Banking Act introduced to ensure financial services for legal cannabis businesses

By Douglas Clark   |   April 28, 2023   |   Cannabis Banking

U.S. Sens. Jeff Merkley (D-OR) and Steve Daines (R-MT) joined U.S. Reps. Dave Joyce (R-OH) and Earl Blumenauer (D-OR) to introduce the Secure and Fair Enforcement (SAFE) Banking Act of 2023. Bill p...

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Rep. Blumenauer introduces bill to provide cannabis businesses with tax deductions

By Dave Kovaleski   |   April 19, 2023   |   Cannabis Banking

U.S. Rep. Earl Blumenauer (D-OR) introduced legislation this week that would allow legal marijuana businesses to take tax deductions like any other legal business. His bill, the Small Business Ta...

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Measure reintroduced to prepare federal government for end of cannabis prohibition

By Douglas Clark   |   April 18, 2023   |   Cannabis Banking

U.S. Rep. Dave Joyce (R-OH) and House Democratic Leader Hakeem Jeffries (D-NY) recently reintroduced the Preparing Regulators Effectively for a Post-Prohibition Adult Use Regulated Environment (PREPAR...

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Connecticut AG, Stamford Police confiscate illegal cannabis products

By Douglas Clark   |   April 13, 2023   |   Cannabis Banking

The Connecticut Office of the Attorney General and Stamford Police recently confiscated thousands of illegal cannabis products at three Stamford vape shops. State Attorney General William Tong is p...

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New Mexico details first year cannabis sales milestone

By Douglas Clark   |   April 5, 2023   |   Cannabis Banking

New Mexico state officials have detailed the economic impact of the first year of adult-use cannabis sales, which began in April 2022, noting sales totaling $300 million. “In just one year, hundr...

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New York touts first Southern Tier cannabis dispensary opening

By Douglas Clark   |   February 10, 2023   |   Cannabis Banking

New York state officials maintain the opening of the first of Conditional Adult-Use Retail Dispensary licenses in the Southern Tier advances New York State's Seeding Opportunity Initiative. Additio...

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Four new members elected to Marijuana Policy Project’s board of directors

By Douglas Clark   |   January 25, 2023   |   Cannabis Banking

Cannabis policy reform organization Marijuana Policy Project (MPP) has elected four new members to serve on its board of directors. “Their experience and proven track record of success in the canna...

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Illinois details record adult use cannabis sales

By Douglas Clark   |   January 10, 2023   |   Cannabis Banking

Illinois state officials are touting 2022 adult use cannabis sales records in all categories the Illinois Department of Financial and Professional Regulation (IDFPR) tracks. “When I signed the Ca...

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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

  • Cantor executes first contracts in Bitcoin Financing Business
  • 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

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  • Report shows correlation between how customers feel about the economy, behave financially
  • Republican senators express concerns over influence of proxy advisors
  • Legislation would repeal certain SEC discretionary authorities
  • Legislation introduced to increase American savings
  • Legislation would make permanent Iran energy, weapons sanctions
  • Banks see increase in net income in first quarter

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