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Home » Cannabis Banking » Page 3

Cannabis Banking

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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Minority-owned cannabis company initiates incubator program

By Douglas Clark   |   January 4, 2023   |   Cannabis Banking

The first minority-owned cannabis company in Illinois has initiated a Cannabis Incubator Program, which seeks to aid community members applying for a social equity license. The 1937 Group, Ltd. Can...

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New York touts first adult-use cannabis retail purchase

By Douglas Clark   |   January 3, 2023   |   Cannabis Banking

New York state officials are highlighting the first sale of legal, regulated adult-use cannabis in state history. "The first legal adult-use cannabis sales mark a historic milestone in New York's c...

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New York to initiate adult-use cannabis retail sales

By Douglas Clark   |   December 23, 2022   |   Cannabis Banking

New York Gov. Kathy Hochul said the state's adult-use cannabis retail sales will begin on Dec. 29 at a dispensary in Manhattan. Sales will begin at a dispensary operated by Housing Works, the natio...

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Cannabis banking bill left out of omnibus package, vexing lawmakers, industry

By Dave Kovaleski   |   December 21, 2022   |   Cannabis Banking

Congress is slated to vote on the $1.7 trillion omnibus appropriations package this week to fund the federal government, but as it currently stands, the SAFE Banking Act won’t be part of it. The SA...

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New Jersey touts benefits of recreational, medicinal cannabis sales

By Douglas Clark   |   December 20, 2022   |   Cannabis Banking

New Jersey state officials are espousing the benefits of recreational and medicinal cannabis sales, noting 2022 third-quarter recreational cannabis sales totaled over $100 million. “New Jersey is...

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Report examines recent laws liberalizing cannabis policies

By Douglas Clark   |   December 14, 2022   |   Cannabis Banking

The National Organization for the Reform of Marijuana Laws (NORML) maintains legislators and voters in more than 12 states enacted over 40 laws liberalizing cannabis policies this year. Per the NOR...

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National Association of Federally-Insured Credit Unions advocates enactment of SAFE Banking Act

By Douglas Clark   |   December 13, 2022   |   Cannabis Banking

NAFCU President and CEO Dan Berger recently expressed the organization's support for lawmakers passing the Secure and Fair Enforcement (SAFE) Banking Act via a CUInsight editorial. The legislation ...

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Legislation strengthening marijuana research expansion signed into law

By Douglas Clark   |   December 7, 2022   |   Cannabis Banking

President Joe Biden recently signed into law the Medical Marijuana and Cannabidiol Research Expansion Act (H.R. 8454), which expands research into marijuana-derived medications. H.R. 8454, authored...

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ICBA urging Senate to pass SAFE Banking Act by the end of this year

By Dave Kovaleski   |   December 1, 2022   |   Cannabis Banking

The Independent Community Bankers of America (ICBA) is urging Congress to pass a bill in this legislative session that would establish a cannabis banking safe harbor in states where cannabis is legal....

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Cannabis Banking

  • Pennsylvania AG among coalition urging Congress to pass cannabis banking bill
  • 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

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  • Blockchain Association rebuts arguments about tokenized U.S. securities
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