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California Cannabis Banking: Financial Institutions Get Some Cover

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.
The post California Cannabis Banking: Financial Institutions …

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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…

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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.
The post Why did San Francisco’s cannabis store ‘cashless ATMs’ suddenly shut down? appeared first on Leafly.

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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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