Marijuana

Cannabis Businesses Find Themselves Cut Off From Banking System

Cannabis Businesses Find Themselves Cut Off From Banking System
Cannabis Businesses Find Themselves Cut Off From Banking System
April 02, 2024  |  Payment Methods

More than half of all Americans live in a state that has legalized marijuana. All the same, legitimate cannabis businesses still find themselves dealing with...

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Less US Cannabis Restrictions Could Ease Sector’s Fragmented Payments System
Less US Cannabis Restrictions Could Ease Sector’s Fragmented Payments System
August 30, 2023  |  Legal & Regulation

In a significant development for the cannabis industry, U.S. health officials have recommended easing restrictions on cannabis and reclassifying it as a Schedule III drug...

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Sen. Booker Sees Hope for Reform Around Banks and Cannabis
Sen. Booker Sees Hope for Reform Around Banks and Cannabis
January 30, 2023  |  Legal & Regulation

Cannabis — an industry around which many digital tools have arisen — may benefit from new legislation. Seeking Alpha reported Monday (Jan. 30) that Sen....

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Marijuana Bill Introduced in Congress as Industry Readies for Growth 
Marijuana Bill Introduced in Congress as Industry Readies for Growth 
January 16, 2023  |  Investments

The first marijuana bill of the new Congress has been introduced. Cannabis stocks in the United States and Canada typically rise when legal reforms are...

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Cannabis Industry Sees Rising Demand for B2B Payments, Cash Flow and AR Services
Cannabis Industry Sees Rising Demand for B2B Payments, Cash Flow and AR Services
September 21, 2022  |  B2B Payments

It may have taken six years, but but B2B cannabis platform LeafLink just crossed the $1 billion transaction threshold as its payments solutions, like the...

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Cannabis Firms See Prices Rise Ahead of Senate Hearing on Decriminalization
Cannabis Firms See Prices Rise Ahead of Senate Hearing on Decriminalization
July 20, 2022  |  Legal & Regulation

American and Canadian cannabis companies saw their stocks rise Wednesday (July 20) ahead of a U.S. Senate hearing on possible federal marijuana decriminalization. According to...

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Cannabis Fund to Sell Crypto Tokens to Raise Capital
Cannabis Fund to Sell Crypto Tokens to Raise Capital
April 18, 2022  |  Blockchain

With crypto tokens, Global Cannabis Capital (GCC) is looking to raise more capital, Bloomberg wrote Monday (April 18). The report said the company is about...

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Cashless ATMs Mask Estimated $7B in Cannabis Transactions 
Cashless ATMs Mask Estimated $7B in Cannabis Transactions 
April 01, 2022  |  Legal & Regulation

Cashless ATMs have reportedly been used to process some $7 billion in cannabis transactions, Bloomberg reported on Friday (April 1).  Legal cannabis retailers have had...

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