cannabis businesses Archives - Cannabis News Box

New York’s Department of Financial Services will not sanction state-chartered banks and credit unions

The guidance was issued in response to queries from financial institutions regarding provision of financial services to state-licensed medical cannabis-related businesses.

Bethan Rose Jenkins, Cannabis News Writer/Editorial • July 26, 2018

Cannabis industry banking issues are causing concern among New York’s financial officials. On July 3, 2018, fresh guidance was issued by New York State’s Department of Financial Services (NYSDFS)...

Independent Community Bankers of America (ICBA) supports cannabis banking bill

With the SAFE Banking Act, a “safe harbor” can be provided for depository institutions that offer covered businesses with a “financial product or service"

Bethan Rose Jenkins, Cannabis News Writer/Editorial • June 26, 2018

A cannabis banking bill authored by U.S. Reps. Ed Perlmutter (CO-07) and Denny Heck (WA-10) has received support from the Independent Community Bankers of America (ICBA). If approved and passed, the...

San Francisco’s social cannabis sales could begin Jan. 5

Sara Tiradossi • November 30, 2017

Social cannabis could be on sale in San Francisco as soon as Jan. 5 if the mayor quickly signs legislation approved by the Board of Supervisors on Tuesday. The regulations, which were favored by cannabis...