Items tagged with cannabis and banking

Item title Description
A tale of two cannabis legalization experiments [17.10.2023] It’s been five years since the Canadian government legalized and regulated non-medical cannabis cultivation, commerce, and consumption. California is ...
Cannabis firms are cut off from the US financial system, but relief is in sight [08.10.2023] Imagine that you run a perfectly legal business but are unable to open a simple checking account at a national bank. Believe it or not, that’s the ca ...
Cannabis clubs assured of receiving support from local banks [16.06.2023] The cannabis authority in Malta has been assured that local banks will not turn down potential cannabis clubs on the grounds that they are selling ma ...
Legal but locked out [14.06.2023] As Jamaica continues to promote medicinal cannabis to attract investors and spur the industry's development, entrepreneurs face significant hurdles d ...
Talks with bank to offer services to cannabis associations [22.02.2023] The authorities are having talks with a leading bank with a view that it could offer services to non-profit organisations running cannabis associatio ...
Tilburg and Breda to kick off regulated marijuana experiment [22.02.2023] Coffee shops in Tilburg and Breda may be able to take part in the experiment with regulated marijuana as early as October, ministers have agreed. The ...
Cannabis funding needed [17.08.2022] The recommendation follows the completion of a market study of the cannabis industry in Jamaica, which revealed that funding is one of the major impe ...
Congressional researchers highlight growing federal-state marijuana ‘policy gap’ in new 100-page report [25.04.2022] The gap between federal and state marijuana policies continues to widen and shows no signs of stopping, congressional researchers said in a new repor ...
‘There’s no stopping the industry now’: Democratic control is a big win for marijuana [31.01.2021] Cannabis companies are positioning themselves for the greater likelihood that federal cannabis restrictions will be loosened significantly. Sales are ...
Gov't addressing banking challenges impacting cannabis industry [10.09.2020] The Ministry of Industry, Commerce, Agriculture and Fisheries is engaging international stakeholders to address the banking difficulties that have be ...
What will 2020 mean for cannabis? [01.01.2020] As 2019 slouched toward its end, many predictions of what might happen with cannabis in 2020 had been tinged with optimism. Chronic Town was no diffe ...
Marijuana’s ten biggest victories of 2019 [17.12.2019] This year was a big one for marijuana in the U.S. From a first-ever congressional vote on federally legalizing cannabis to another large state ending ...
Glimmer of hope for cannabis industry as talks continue with US [31.10.2019] Permanent secretary in the Ministry of Investment, Commerce, Agriculture and Fisheries Dermon Spence has indicated that there could be headway in sig ...
The Great American cannabis experiment [14.10.2019] While state legalization has allowed the cannabis industry to grow – it generated over $10 billion in sales last year and employs more than 211,000 p ...
Jamaica joins global stock markets in bracing for impact of Cannabis Banking Bill [11.10.2019] The Jamaica Stock Exchange (JSE) has joined other stock markets across the globe in bracing for the impact of the Cannabis Banking Bill, which is cur ...
Strike cannabis off Controlled Substances Act [30.09.2019] Cannabis guru Ras Iyah V says the time has come for developing nations, including those of the Caribbean, to collectively lobby the US to strike cann ...
Cannabis industry hopes SAFE Banking Act will spark new wave of growth, especially in U.S. [27.09.2019] For the first time in history, the U.S. House of Representatives passed legislation to both validate and protect the burgeoning cannabis industry by ...
Shaw sees glimmer of banking hope for ganja businesses [27.09.2019] Minister of Industry, Commerce, Agriculture and Fisheries, Audley Shaw, has welcomed news of the passage of the SAFE Banking Act in the United States ...
House passes bill to protect cannabis industry access to banks, credit unions [25.09.2019] The House passed a bill to give banks and credit unions legal cover to serve the cannabis industry even while the drug remains federally banned. The ...
Hope for cannabis growers [31.05.2019] Jamaica is to lobby the United States on the issue of legitimising licensed cannabis growers and processors under correspondent banking rules. Audley ...
Paulwell joins lobby to get banking services for cannabis industry [03.05.2019] The Bank of Jamaica (BOJ) is again being pressed about its role in charting the way forward to enable the legal cannabis industry to access financial ...
People's Cooperative could solve ganja banking woes — Silvera [23.04.2019] The Ganja Growers and Producers Association of Jamaica (GGPAJ) is proposing the National Peoples' Cooperative Bank as a solution to the banking servi ...
Jamaica’s cannabis gamble [17.04.2019] Jamaica is starting to think of cannabis as an opportunity. Uruguay, Canada and ten American states have legalised it for recreational use. Ganja, as ...
Cannabis banking prospects improve; scepticism and stigma remain [10.04.2019] The nascent medical cannabis business in Jamaica is challenged by limited access to banking facilities. Many of the major banks have asked clients en ...
Local officials from across US call for federal marijuana rescheduling [13.11.2018] The National League of Cities (NLC), representing over 19,000 cities, towns and villages across the United States is calling on the federal governmen ...
Jamaica poised to become major location for medical cannabis investment ­— Shaw [27.05.2018] Audley Shaw's trip to Canada has paved the way for Jamaica to play a leading role in the rapidly growing medical cannabis industry, according to the ...
Most banks won’t touch America’s legal pot industry [20.04.2018] Providing banking services to pot-sellers is a risky endeavour. Despite being legal in one form or another in 29 states, marijuana is banned under th ...
Canadian banker snags $750-million in marijuana business as rivals say no [03.04.2018] In a down-and-out Canadian town, Bruce Linton dreamed of transforming an abandoned Hershey Co. chocolate plant into the Next Big Thing, a medical mar ...
Uruguay leads world in cannabis regulation but US law intrudes [28.02.2018] Uruguay was the first country in the world to fully regulate the cannabis market and so break free from a global prohibitionist regime that has preva ...
Trump Treasury Secretary wants marijuana money in banks [06.02.2018] The Trump administration's top fiscal official appeared to voice support for letting marijuana businesses store their profits in banks. "I assure you ...
Why marijuana retailers can’t use banks [22.01.2018] Nearly two-thirds of America’s states have legalised pot sales for certain uses, but the federal government still classifies marijuana as a Schedule ...
Colorado’s Senators tell U.S. Treasury: Don’t touch marijuana banking [11.01.2018] U.S. Sens. Michael Bennet and Cory Gardner of Colorado have asked the U.S. Treasury to keep in place Obama-era rules that allow banks to serve mariju ...
More banks are welcoming marijuana businesses, federal data shows [03.01.2018] A growing number of banks are willing to open accounts for marijuana businesses. The number of depository institutions that are actively banking the ...
California proposes armored cars to transport pot tax money [07.11.2017] California should use armored cars to transport hundreds of millions of dollars in cash tax payments expected next year with the state's legal mariju ...
Uruguay setting up dedicated cannabis dispensaries after banks scare off pharmacies [14.09.2017] Uruguay’s government announced that it is changing its retail system for legalized marijuana because banks are making it difficult for pharmacies to ...
Pot was flying off the shelves in Uruguay. Then U.S. banks weighed in [25.08.2017] The pharmacies selling pot were doing a brisk business. After Uruguay became the first country in the world to fully legalize marijuana sales for rec ...
Uruguay finds no banks for the bongs [22.08.2017] Understated and simpatico, former Uruguayan president Jose Mujica isn't easily rattled. Just don't mess with his reefer. That was the message from Mo ...
Legal marijuana sale faces challenges by banks in Uruguay [18.08.2017] The legal sale of marijuana in Uruguayan pharmacies is facing challenges as banks refuse to deal with companies linked to the drug in order to follow ...
California considering creating a state-run bank for cannabis businesses [16.07.2017] California government, financial and marijuana business leaders met last week in a far-from-resolved debate over whether a state-run bank could be th ...
Cannabis cash conundrum: Some businesses bury money, others truck it to a federal vault [12.07.2017] With recreational use set to become legal next year under Proposition 64, cannabis sales in the state are expected to top $7.5 billion in 2020, up fr ...
Federal bills from Colorado legislators seek to shield state marijuana laws, open banking [18.05.2017] Colorado federal lawmakers amplified efforts to protect state-enacted marijuana laws and cannabis businesses supporting banking legislation for the m ...
New federal bill would allow banking for marijuana businesses [27.04.2017] Marijuana businesses can’t openly bank and congressman Ed Perlmutter, D-Colo., is hoping to change that. Perlmutter on Thursday introduced the Secure ...
Big need for marijuana banking, yet Congress has ‘no appetite’ to fix issue [03.04.2015] Congress doesn’t have the appetite to deal with the conflict between federal and state laws that has caused a banking crisis for the burgeoning marij ...
Banks are slowly welcoming legal marijuana dealers [12.08.2014] A top federal official said that 105 banks and credit unions are doing business with legal marijuana sellers, suggesting that federal rules giving fi ...
U.S. issues marijuana guidelines for banks [14.02.2014] The Obama administration issued guidelines intended to give banks confidence that they will not be punished if they provide services to legitimate ma ...
Banks say no to marijuana money, legal or not [14.01.2014] Legal marijuana merchants — mainly medical marijuana outlets but also, starting this year, shops that sell recreational marijuana in Colorado and Was ...
Banks told to accept cannabis cafe customers [06.02.2009] Banks must accept cafes which sell cannabis and marijuana as clients, says finance minister Wouter Bos. The minister fears that if these businesses, ...

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