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A Tale of Neighboring Countries and Their Very Different Legal-Marijuana Banking Systems

Federal law all but requires legal marijuana to operate strictly in cash, while in Canada banks are helping that nation's cannabis industry boom.

California Studies Viability of a Public Bank for Marijuana Businesses

Exclusion from federally regulated banks is a big problem for the cannabis industry that California is considering how to solve.

Cannabis Industry Heads to Washington to Tell Congress What It Needs to Thrive

Legal marijuana is on track to soon be a $40 billion industry. It could be much bigger still if Washington allowed it.

Illinois Asks Trump to Let Banks Take Medical Marijuana Business

Federal rules effectively barring marijuana businesses from using banks stymie the medical marijuana industry.

Senators Push Treasury Department to Loosen Marijuana Banking Restrictions

Senators Elizabeth Warren and Bernie Sanders want regulators to stop penalizing legitimate vendors hired by marijuana businesses left in a legal gray area between state and federal law.
Financial Tech

Why Fintech Has Failed to Supplant Big Banks - So Far

In round one, it all came down to cost of capital, but soon a second wave of fintech firms will properly exploit their technological advantage.

Survey Finds Oregon Residents Support Banks Working With Marijuana Industry

Banks and credit unions often cite "reputational risk'' as a reason for not working with cannabis businesses but research shows there is little risk they would be stigmatized.
FinTech

Will Fintech Kill Traditional Banking or Simply Help It Reinvent Itself?

The best of breed Fintech disruptors are embracing the banks and working with them.
Wells Fargo

Warren to Wells Fargo: Promises to Treat Customers Better After Scandal Are 'Meaningless'

In a Facebook post on Monday, the senator criticized Wells Fargo & Co.'s decision.
Apple Pay

Early Days, But Apple Pay Struggles Outside U.S.

More than 18 months after Apple Pay took the United States by storm, the smartphone giant has made only a small dent in the global payments market, snagged by technical challenges, low consumer take-up and resistance from banks.
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