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Study: Legal cannabis states are more likely to engage in banking activity

Bethan Rose Jenkins, Cannabis News Writer/Editorial January 30, 2022

The cannabis industry is thriving, with the United States market yielding $40 billion$40 billion in 2021 alone. Nonetheless, the plant's illegal status means that banks are unlikely to take on the risk...

https://marijuanastocks.com/banking-in-the-marijuana-industry/

Five senators prompt lawmakers to keep cannabis banking in defense spending package

Bethan Rose Jenkins, Cannabis News Writer/Editorial December 8, 2021

The names of Colorado's current U.S. senators, Michael Bennet and John Hickenlooper, were recently added to an ever-growing list of congressional members who want to prevent legislative leaders in their...

21 U.S. governors confirm support for cannabis banking by signing letter to Congress

21 U.S. governors confirm support for cannabis banking by signing letter to Congress

Bethan Rose Jenkins, Cannabis News Writer/Editorial November 14, 2021

In a bold move that could push things in the right direction for banking-starved cannabis companies, 50 of the nation’s governors have inked a promising letter that was sent to Congressional leaders...

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House goes full steam ahead with cannabis protections for banking

Bethan Rose Jenkins, Cannabis News Writer/Editorial June 30, 2021

On Thursday, June 24, a House subcommittee decided to approve an expansive funding bill that would safeguard banks from being penalized if they work with cannabis businesses.  A voice vote from the...

https://marijuanastocks.com/banking-in-the-marijuana-industry/

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

Financial firms that deal primarily with the hemp industry also stand to be protected by the SAFE Banking Act
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...

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

Cardholders may bag discounts on pot products inside Columbia Care's dispensaries
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...

https://marijuanastocks.com/banking-in-the-marijuana-industry/

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

Bank executives in Canada claim that they are not likely to get involved with American cannabis industry players until laws are changed at the federal level
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...

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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...

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