Cannabis Banking in Legal States

While cannabis companies often stumble to locate financial institutions that are willing to take them on as customers due to hazards caused by the ongoing federal prohibition of cannabis, a new analysis found that financial activity accumulates in states that legalize the sticky leaf. The examination doesn’t make a natural tie between state-level cannabis reformContinue reading “Cannabis Banking in Legal States”

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”