California Cannabis Banking: Financial Institutions Get Some Cover
The goal of Assembly Bill 1525 is to make it easier for financial institutions to adhere to federal reporting requirements.
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Kiwibank Shuts Down ‘Green Fairy’ Account After Giving Her ‘Local Hero’ Medal
“Green fairy” Rose Renton is having her Kiwibank account shut down less than a year after the same bank awarded her a “local hero” medal. Renton has been a prominent campaigner for medicinal cannabis since the death of her son Alex in 2015, for whom sh…
Why did San Francisco’s cannabis store ‘cashless ATMs’ suddenly shut down?
Unsolved mystery: Over 48 hours, every one of the city’s cannabis cash machines went dark. Nobody seems to know why.
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Cannabis Industry Optimistic on Banking Despite Murky Senate Prospects
The bill, which the House passed 321–103 on Wednesday, is seen as a major win for banks, investors, and much of the legal cannabis industry. What’s next?
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