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Treasury Report: Over 800 Banks Partnered With Cannabis Companies In 2023 Despite Federal Hurdles
Friday, November 15, 2024 - 2:22pm | 713The 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...
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EXCLUSIVE: How Can Virtual CFOs Future-Proof Cannabis Companies And Unlock Profits?
Sunday, August 18, 2024 - 1:17pm | 741In the last episode of Benzinga’s Cannabis Insider podcast, Guillermo Rodriguez, a CPA and seasoned virtual CFO specializing in the cannabis industry, shared invaluable insights into financial strategies essential for thriving in this complex market. Rodriguez discussed the critical role of a...
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NY Approves Farmers Markets, FL Voters Eye Legalization Amid Banking Reform Stall, CA Advances Lounge Bill & More
Tuesday, June 11, 2024 - 4:53pm | 997New York Lawmakers Approve Bill For Permanent Cannabis Farmers Markets New York legislators passed a bill to make cannabis farmers markets a permanent fixture. Sponsored by State Sen. Michelle Hinchey (D) and Assembly member Donna Lupardo (D), the bill aims to support growers by allowing licensed...
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Did The Federal Government (Un)Knowingly Finance The Marijuana Industry?
Monday, June 12, 2023 - 11:05am | 663Remember when New York-based Signature Bank (OTCPK: SBNY) became the third financial institution to collapse following the demise of Silicon Valley Bank and Silvergate Capital Corp? This led to some unexpected, if ironic, consequences...the ...