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Tag: Cannabis Banking


Regulations

What decriminalization could mean for cannabis banking

October 7, 2022

Via: Banking Dive

President Joe Biden on Thursday announced an executive action to pardon all prior federal offenses of simple possession of marijuana, and encouraged governors to follow suit with regard to state offenses. And in what is largely seen as a major […]


Regulations

Cannabis banking nixed from competition bill

June 24, 2022

Via: Banking Dive

Despite passing in the House six times, most recently as part of the House version of the manufacturing bill, SAFE Banking has yet to see similar traction in the Senate. The legislation has garnered wide support from cannabis industry advocates […]


Activity, Corporate Banking

Understanding the Cannabis Banking Opportunity

May 2, 2022

Via: Bank Director

The legal cannabis industry is growing exponentially each year, creating extraordinary opportunities for financial institutions to offer services to this largely underbanked, niche market. Revenue from direct marijuana businesses alone is expected to exceed $48 billion by 2025, part of […]


News

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 […]