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Bank, Financial institution, Credit union, Financial services, United States, Hemp

Fewer Banks and Credit Unions Are Serving the Cannabis Industry

On Sep 10, 2020
@ganjapreneur shared
The number of banks and credit unions working with state-legal #cannabis businesses has been on a steady decline since November 2019, according to a new FinCEN report. #banking https://t.co/6CLNLo7V1U
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The number of banks and credit unions working with state-legal cannabis companies has dropped to 695 nationwide, according to a… Read More

www.ganjapreneur.com
On Sep 10, 2020
@ganjapreneur shared
The number of banks and credit unions working with state-legal #cannabis businesses has been on a steady decline since November 2019, according to a new FinCEN report. #banking https://t.co/6CLNLo7V1U
Open

Fewer Banks and Credit Unions Are Serving the Cannabis Industry

Fewer Banks and Credit Unions Are Serving the Cannabis Industry

The number of banks and credit unions working with state-legal cannabis companies has dropped to 695 nationwide, according to a… Read More

Banks Accepted Significantly More Marijuana Businesses In 2019, Federal Data Shows

Banks Accepted Significantly More Marijuana Businesses In 2019, Federal Data Shows

Banks and credit unions have been accepting significantly more marijuana businesses in 2019, according to new federal data. At the end of the last quarter of 2018, there were 438 banks and ...

How the Feds Protect the Cannabis Industry and How Things Could Change

How the Feds Protect the Cannabis Industry and How Things Could Change

Find out what Uncle Sam's put in place to protect your business and what new legislation could be coming down the pike.

Federal Marijuana Banking Bill Advances (a Little)

Federal Marijuana Banking Bill Advances (a Little)

Federal Marijuana Banking Bill Advances (a Little).

Chart: Ranks of US banks serving cannabis firms growing, but data may overstate true number

Chart: Ranks of US banks serving cannabis firms growing, but data may overstate true number

The number of financial institutions actively banking marijuana-related businesses in the United States is rising, but the true number is far fewer than U.S. Treasury data indicates, ...

Open Banking - A Challenge for the U.S.

Open Banking - A Challenge for the U.S.

In a December 20th article titled, “Without Open Banking regulation, banks and fintechs clash in the...

‘100% illegal’: The business of weed banking is veiled in secrecy

‘100% illegal’: The business of weed banking is veiled in secrecy

A tiny fraction of banks are willing to work with cannabis companies. The financial institutions that do serve cannabis companies tend to be smaller banks and credit unions — and most do ...

Lawmakers push to allow banks to work with marijuana companies

Lawmakers push to allow banks to work with marijuana companies

Legislation introduced in Washington D.C. earlier this month by Democrats Ed Perlmutter of Colorado and Denny Heck of Washington aim to offer banks, including ancillary businesses, ...

A Bitcoin Bastion In The Wild West

A Bitcoin Bastion In The Wild West

Bitcoins and dollars are like oil and water—but financier Caitlin Long says she can blend them inside one novel institution domiciled in Wyoming.

Additional Guidance Regarding Servicing Hemp-Related Businesses

Additional Guidance Regarding Servicing Hemp-Related Businesses

NCUA issues updated guidance on serving legal hemp-related businesses.

The economic crisis has people worrying about whether their money is safe in the bank. Here’s how to make sure it is.

The economic crisis has people worrying about whether their money is safe in the bank. Here’s how to make sure it is.

The economic crisis has people worrying about whether their money is safe in the bank. Here’s how to make sure it is.