Tag: Marijuana


What to Know About Cannabis Banking in 2022

October 15, 2021

Via: Bank Director

The cannabis industry is growing exponentially, and nationwide sales are estimated to exceed $30 billion in 2022. This growth comes with extraordinary opportunities for banks to offer services to the still largely unbanked and underbanked cannabis industry. Board members and […]

Activity, Corporate Banking

House lawmakers reintroduce cannabis banking bill

March 19, 2021

Via: Banking Dive

The banking industry has largely been reluctant to service the cannabis sector because of pot’s classification as a Schedule 1 drug, forcing many marijuana- related businesses to deal primarily in cash. Cannabis reform advocates say the cash-only nature of the […]


Your Bank’s Answer to the Cannabis Conundrum

May 30, 2019

Via: Bank Director

Banks should not wait on lawmakers taking action on the myriad of proposed cannabis banking bills to make important strategic decisions about servicing marijuana-related business. It is unclear if any of the proposed cannabis banking bills will gain enough traction […]

Activity, Insurance

Insurers Remain Cautious About Marijuana Insurance Market

March 14, 2019

Via: Insurance Journal

The marijuana industry is an opportunity for insurers as more states have legalized the drug. But there are still risks in play that could limit wider carrier participation, A.M. Best said in a new report. One of the key barriers […]

Activity, Insurance

Data Show Car Accidents Up in States That First Legalized Marijuana

December 28, 2018

Via: Insurance Journal

Crashes are up by as much as six percent in Colorado, Nevada, Oregon and Washington, compared with neighboring states that have not yet legalized marijuana for recreational use, according to research from the Insurance Institute for Highway Safety (IIHS) and […]