Bank of America Terminates Popular Cannabis Account without Cause

One of the largest banks in the States is closing down the account of a research institute that’s federally commissioned to grow and study Schedule I substances like cannabis and psilocybin (magic) mushrooms. Bank of America, usually stylized as BoA, randomly informed the Scottsdale Research Institute or the SRI to terminate its accounts this week.Continue reading “Bank of America Terminates Popular Cannabis Account without Cause”

Banking in the Cannabis Industry in 2021

Banking in the Cannabis Industry in 2021 As of October of 2019, the social and political landscape of cannabis has soared to unbelievable heights. Not only have ultra-conservative states such as Indiana began dismissing minor cannabis possession, cannabis companies are catching a break as the SAFE Banking Act passes.  Over the last three years, cannabisContinue reading “Banking in the Cannabis Industry in 2021”