Cannabis News Box

House looks set to approve cannabis banking bill, Senate approval could be difficult

Bethan Rose Jenkins, Cannabis News Writer/Editorial

October 1, 2019

Less than a week ago, the Democratic-steered House of Representatives voted in favor of a bill's passing that would safeguard banking institutions involved in the cannabis industry. This is a victorious moment for licensed cannabis business owners, who have been left with no option but to operate in c...

Cannabis banking might not be here yet but cannabis credit cards are

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 8, 2019

Last month, Columbia Care went down in history as the first ever company to introduce a cannabis credit card created especially for the industry.  The company, which is one of the biggest medical cannabis dispensary operators nationwide, has announced that it will now start accepting “Columbia Na...

Legal cannabis companies in the States are being dismissed by Canadian banks

Bethan Rose Jenkins, Cannabis News Writer/Editorial

April 18, 2019

America is edging closer to cannabis reform. So far, 33 U.S. states have legalized cannabis for medical purposes, and 10 U.S. states and Washington D.C. have legalized the plant for adults aged 21 and over. Uncle Sam might be turning a verdant shade of green, but one main problem remains for legal weed ...

Legal cannabis states ask Congress for legal banking

Bethan Rose Jenkins, Cannabis News Writer/Editorial

January 22, 2018

As of today, 29 states and a number of U.S. territories have legalized medical cannabis. Nine of those states have legalized it for social use and this year, social cannabis legalization will be considered by at least 12 states. However, cannapreneurs seem to be in a spot of bother when it comes to opening ...

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