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Banking

Federal Regulators Are Blocking the Cannabis Boom but Congress Keeps Them In the Way

Federal Regulators Are Blocking the Cannabis Boom but Congress Keeps Them In the Way

The Federal Reserve and FDA want Congress to clarify how to regulate a product that, strictly speaking, is prohibited.
Alex Somjen | 4 min read
With Democrats in Control, House Looks at Ending Cannabis Banking Restrictions

With Democrats in Control, House Looks at Ending Cannabis Banking Restrictions

The federal government taxes cannabis mercilessly, and all in cash.
dispensaries.com | 5 min read
Artificial Intelligence Is Changing Banking and Wall Street. Here's What to Expect in 2019.

Artificial Intelligence Is Changing Banking and Wall Street. Here's What to Expect in 2019.

AI is coming to your financial institution, to make trading algorithms more reliable, lower fees and personalize financial products.
Toby Nwazor | 5 min read
Your Cannabis Company Can Get a Bank Account but Not Easily

Your Cannabis Company Can Get a Bank Account but Not Easily

Opening an account is challenging but in many states banks are increasingly accepting deposits from of cannabis companies.
Christian Hageseth | 6 min read
How to Save Outside of a Brick-and-Mortar Bank and Make More Money

How to Save Outside of a Brick-and-Mortar Bank and Make More Money

Your options are far and wide when you look past the big banks.
Jeff Rose | 2 min read

More From This Topic

Cryptocurrencies Could Solve 2 Big Problems for the Cannabis Industry

Cryptocurrencies Could Solve 2 Big Problems for the Cannabis Industry

Marijuana businesses are mostly blocked from banks and have onerous compliance obligations. Blockchain is a promising solution to both problems.
Scott McGovern | 7 min read
5 Ways Artificial Intelligence Is Already Transforming the Banking Industry
FinTech

5 Ways Artificial Intelligence Is Already Transforming the Banking Industry

Having a high-level understanding of the goals big banks are looking to achieve with AI can provide food for thought and inspiration for digital entrepreneurs interested in fintech.
Thomas Smale | 6 min read
She Co-Founded One of the First Investment Funds in the Cannabis Industry

She Co-Founded One of the First Investment Funds in the Cannabis Industry

U.S. banking regulations making cannabis the toughest business there is for funding and investing.
Cynthia Salarizadeh | 5 min read
New York Officials Urge Banks to Work With Marijuana Industry

New York Officials Urge Banks to Work With Marijuana Industry

New York state officials, including the governor, have gone on the record saying cash-only businesses are a public safety problem.
dispensaries.com | 3 min read
How a Top Bank Executive Left Finance to Start an Adventure Travel Company -- and What He Learned About Success in Business
The Gambit

How a Top Bank Executive Left Finance to Start an Adventure Travel Company -- and What He Learned About Success in Business

Jeff Bonaldi was a department head at Citibank when he struck out on his own to combine his passions -- history, adventure and stories. Here's what he learned.
Hayden Field | 10 min read
China's Great Leap Forward in Global Mobile Payments
Mobile Payments

China's Great Leap Forward in Global Mobile Payments

Paradoxically, it was the country's reluctance to adopt conventional banking that led to almost universal adoption of mobile payments.
Catherine Leung | 5 min read
A Tale of Neighboring Countries and Their Very Different Legal-Marijuana Banking Systems

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.
dispensaries.com | 3 min read
California Studies Viability of a Public Bank for Marijuana Businesses

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.
dispensaries.com | 4 min read
Cannabis Industry Heads to Washington to Tell Congress What It Needs to Thrive

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.
dispensaries.com | 3 min read
Illinois Asks Trump to Let Banks Take Medical Marijuana Business

Illinois Asks Trump to Let Banks Take Medical Marijuana Business

Federal rules effectively barring marijuana businesses from using banks stymie the medical marijuana industry.
dispensaries.com | 3 min read