Cannabis Banking

JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon indicated that the largest bank in the U.S. "probably would" provide banking services to marijuana businesses if/when federal laws permit. Dimon’s comments, made during a recent episode of the firm’s podcast, will likely spark optimism within...

Safe Harbor Financial (NASDAQ:SHFS), which provides secure and compliant financial services for the regulated cannabis industry, announced it had surpassed $25 billion in processed cannabis-related funds through its network of partner banks. This milestone aligns with the company’s 10th...

The U.S. Treasury Department has released its quarterly report, revealing that last year, over 830 financial institutions nationwide have officially acknowledged relationships with state-licensed cannabis businesses. According to a report from the National Organization for the Reform of Marijuana...

Tyler Beuerlein, chief strategic business development officer at Safe Harbor Financial, recently outlined the ongoing challenges and solutions within cannabis banking in an exclusive interview with Benzinga. Operating across state-legal markets and Puerto Rico, Safe Harbor aims to provide compliant...

Green Check, a leader in compliant cannabis banking solutions, has introduced a new portfolio management capability for its network of over 170 financial institutions (FIs).  This new module provides FIs with a portfolio-wide dashboard that enhances data analysis and offers custom product...

As federal cannabis rescheduling looms, many in the industry are cautiously optimistic about the potential impact. Michael DeGiglio, CEO of Village Farms, says the changes could be just the beginning of the road to meaningful reform. DeGiglio, who spoke during an interview at the recent Benzinga...

As the cannabis industry anticipates federal rescheduling, the question of what this will mean for cannabis banking remains at the forefront. Paul Antonacci, president and CEO of Security Bank, provided insight on the subject during an interview at the Benzinga Cannabis Capital Conference....

Green Check (GC), a fintech company focused on the cannabis industry, has surpassed $1 billion in monthly cannabis sales deposits during the third quarter of 2024. This milestone reflects GC’s growing network, which now includes over 170 financial institutions and more than 11,000 cannabis-...

Cannabis-focused fintech connector Green Check announced on Tuesday a new feature that enables access to banking services for licensed cannabis-related businesses (CRBs) operating within Indigenous communities. What Happened: CRBs with tribal licenses can now onboard seamlessly onto the Green Check...

As cannabis rescheduling inches forward, the conversation surrounding its impact on traditional banking and capital markets has intensified. Pablo Zuanic, an equity analyst covering cannabis and psychedelics, shared his thoughts during a recent interview, shedding light on what rescheduling could...

Shield Compliance, a platform for cannabis banking, unveiled its annual survey results, and results are showing a disconnect between financial institutions and the cannabis industry. Their findings show that despite evolving regulations and shifting attitudes toward cannabis, banks and credit...

As the cannabis industry stands on the brink of potential federal rescheduling, the implications for banking access and financial operations are becoming a central focus. During an exclusive interview with Benzinga, Kevin Hart, founder and CEO of Green Check Verified, shared his thoughts on how...

Green Check Verified announced on Wednesday that is has entered into an exclusive partnership with CTrust, the cannabis industry's first credit rating and risk monitoring agency and Coda Capital Advisors, a company that provides institutional debt capital to the cannabis industry. The new...

Given the well-known banking limitations imposed on cannabis by federal prohibition, cash mountains generated by marijuana sales are becoming an unattended issue. That’s why expert F. Miles Adler of Adler Law Firm and COO of Privateer SCA, Ltd., offers a possible solution for an effective...

Editor’s note: This story has been updated to make clearer and add more details around the rebranding of Dama Financial’s remaining assets as GrowFlow. LeafLink, a major U.S. cannabis wholesale platform, announced its acquisition Wednesday of Dama Financial's banking division in a move...