Tags : banking

Lawmakers Work New Angles To Pass Marijuana Banking Legislation

Advocates of expanding marijuana businesses’ access to banks are pursuing two new strategies: amending pending standalone legislation to broaden its GOP appeal as well as supporting a separate rider on the issue that was recently attached to a large-scale appropriations bill. While lawmakers have primarily focused on the bipartisan standalone marijuana banking bill, which would […]Read More

Key Moments From The First Marijuana Hearing Of The New Congress

The first marijuana hearing of the 116th Congress kicked off on Wednesday. A House financial subcommittee asked witnesses about how banking access can improve public safety, how operating on a cash-only basis inhibits transparency and, at one point, whether the cash at these businesses smells like cannabis. “The absence of a broader, permanent regulatory framework continues to […]Read More

Cannabis-related businesses could see banking

A Denver credit union that wants to offer banking services to marijuana businesses has received conditional approval from the Federal Reserve Bank of Kansas City. The Fourth Corner Credit Union, a state-chartered credit union in Denver, is on the cusp of revolutionizing banking for marijuana businesses. But it has been thwarted by the Federal Reserve […]Read More

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