Cannabis Credit

SHF Holdings, Inc., doing business as Safe Harbor Financial (NASDAQ:SHFS) — a facilitator of financial services and credit solutions for the cannabis industry — confirmed the formal launch of its new small business line of credit program to long-standing clients on Wednesday. What Happened:...

Steve, a cancer patient in California, hits up his dispensary and asks for half an ounce of high-THC marijuana to calm his pain and stimulate his appetite, recently gone thanks to chemotherapy. He rarely leaves his house now; his sickness is still debilitating. His bank account looks fine, funded,...

Large commercial and investment banks like JPMorgan Chase & Co. (NYSE: JPM), Bank of America Corp (NYSE: BAC), Morgan Stanley (NYSE: MS) or Citigroup Inc (NYSE: C) are keeping their hands off the cannabis industry for the time being. In fact, this is part of a larger trend seen — at least...