Cash-roll on cannabis. Photo Credits Christopher Jones Currently, cannabis remains illegal under federal law. As a result, financial institutions do not provide banking or transaction services for legal cannabis-related businesses. It leaves the cannabis industry to work on a cash-only basis. According to the American Bank Association (ABA), any cannabis business … [Read more...] about The SAFE Banking Act can aid the Cash-Only Industry
Most financial establishments consider the cannabis industry high risk. As such, cannabis businesses struggle to make deals with banks and other businesses. Luckily, as the industry grows, some recognize the needs of these up-and-coming businesses and are rising to meet the demand. Brother Processing Services is one such company that believes in the cannabis industry and … [Read more...] about Brother Processing Services, Filling the Industry’s Financial Service Gap
A conversation with Martha M. Johnson and Christina DeGiovanni. Martha M. Johnson is the Chief Marketing Officer for Hypur Inc., a company that provides businesses with banking and payment technology. Hypur Inc. is also the leading provider of cannabis banking technology in the U.S. … [Read more...] about Emerald Interviews Martha M. Johnson, Chief Marketing Officer for Hypur Inc.
The Secure and Fair Enforcement (SAFE) Banking Act has passed the House of Representatives by a comfortable margin of 321-103. The bill H.R. 1595, sponsored by Congressman Ed Perlmutter, D-Colo., allows banks to do business with cannabis-related businesses without fear of repercussions. "I want to thank all my colleagues who have listened to me talk about the need to … [Read more...] about Cannabis Banking Bill Passes in House of Representatives