Cannabis Banking

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...

This article was originally published by the National Organization for the Reform of Marijuana Laws (NORML) and appears here with permission. #1: MORE STATES ENACT ADULT-USE MARIJUANA LEGALIZATION LAWS Delaware, Minnesota, and Ohio enacted laws in 2023 legalizing adult-use marijuana...

At the recent Benzinga Cannabis Capital Conference in Chicago, experts explored the role of small banks and credit unions in the cannabis industry. With regulatory challenges and evolving services, these institutions are vital for the sector's growth. What drives these smaller players into...

The fate of the Secure and Fair Enforcement Regulation (SAFER) Banking Act hangs in the balance. Just how likely is it to become law this year? A recent survey of congressional staffers reveals intriguing insights. Doubts Loom Over Marijuana Banking Bill A survey conducted by Punchbowl News'...

US Senators will vote on a cannabis banking reform bill on Wednesday that will drastically change the landscape for what has become a billion-dollar industry that has never had access to banking, credit, financial institutions, or tax advantages. This could all change if the ...

If the cannabis industry wants to survive intact, it needs to come together, democratize and hang on to its collective hat because it could be bumpy a ride, Todd Harrison, founding partner and CIO at the cannabinoid-focused investment firm CB1 Capital told Benzinga CEO...

As the Senate returns from August recess, Majority Leader Chuck Schumer (D-NY) reiterated his commitment to the Secure and Fair Enforcement (SAFE) Banking Act and other cannabis reforms as an Oct. 1 government shutdown looms. Warning that demands from the far-right House Freedom Caucus, which...

Could our worst fears be true, that SAFE will be DOA again on the floor of the Senate? Welcome to Trade to Black, and in this podcast, lead financial writer Benjamin Smith and millennial entrepreneur Anthony Varrell join host Shadd Dales to discuss SAFE banking, the markup vote, and Section 10....

A Republican senator stopped short of saying his colleague, Majority Leader Chuck Schumer (D-NY) was dabbling in magic realism, the style created by the late Colombian novelist Gabriel Garcia Marquez, which paints a realistic view of the modern world while adding...

By Sahar Ayinehsazian, Hon. Ed Perlmutter and J. Devoy Dubuque Prior to its sudden shutdown, Silicon Valley Bank had a reputation for serving start-ups and entrepreneurs. Amongst its lesser-known clientele were cannabis-related businesses, which have long struggled with access to depository and...

Minorities for Medical Marijuana, the largest community-based nonprofit in the cannabis and hemp industry, spent 4/20 week walking the halls of Congress for their annual Lobby Days. The event culminated with a Judiciary Committee Markup where a large faction of the organization...

The House Financial Services Committee voted Thursday in favor of the SAFE Banking Act, which would allow cannabis businesses to work with banks and credit unions. The vote advances the bill to the House floor. The Cannabis Capital Conference is coming back to Toronto! Click here to learn how you...