Read founder Dan Roda's article in Arkansas Business about SAFE Banking and it's impact on cannabis banking. https://www.arkansasbusiness.com/article/128701/safe-banking-and-cannabis-dan-roda-commentary
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Read about Dan Roda commenting on Tulsa-based Encentus Federal Credit Union leaving the cannabis banking industry. Dan explains the ramifications of the SAFE Banking act. Read about it here.
Watch THV11’s segment on abaca’s new banking options for the medical marijuana industry in Arkansas and Oklahoma. Banking, payment processing and lending is made easy and affordable for the cannabis industry because of abaca’s fintech solution and app.
In order to qualify as a medical marijuana patient in the State of Arkansas - patients must be certified to suffer from one of the following conditions: Cancer Glaucoma Positive status for human immunodeficiency virus/ acquired immune deficiency syndrome Hepatitis C Amyotrophic lateral sclerosis Tourette’s syndrome Crohn’s disease Ulcerative colitis Post-traumatic stress disorder [...]
Cannabis businesses can face steep challenges in order to land a marijuana friendly bank account. But there is good news….because there are some steps that businesses can take today that will make getting an account a little easier.First, understand that banks are under intense regulatory scrutiny when they take on marijuana accounts. For that [...]
The U.S. Senate recently voted to block an amendment that would have eased access to banking services for the nation’s cannabis industry and, as if on cue, another dispensary was robbed at gunpoint. Silver Sage Wellness in Las Vegas was the victim of an armed robbery that netted $28,000 in cannabis products and $1,000 in cash [...]
It seems every few months lately we hear about a new bill introduced to address the conflict between federal law and the laws of the now 29 states that have legalized marijuana. Nevertheless, these bills never seem to make it out of committee. Public sentiment, and even sentiment in the highest levels of government, [...]
Arkansas voters passed the Medical Marijuana Amendment in November of 2016. Since then, entrepreneurs in the state’s newest industry have been working feverishly on business plans for cultivation facilities, dispensaries, testing facilities and other marijuana-related businesses (or “MRBs”). The sale of marijuana – either medically, recreationally, or both – is currently legal according [...]
Original Article Posted on Marijuana MomentBy Tom Angell Republican congressional leadership is blocking consideration of a measure to allow marijuana businesses to deposit their profits in banks.Many financial institutions are currently afraid to serve cannabis businesses that are legal in a growing number of states because of ongoing federal prohibition and the associated risk of [...]
By: David S. Mitchell, Jr. & Michael K. Goswami Introduction Aside from a lack of supportive federal legislation to legalize medicinal or recreational marijuana sales, the appropriately-named “marijuana banking problem” is without a doubt the largest hindrance to the legal marijuana industry. The legal marijuana industry is projected to be a $50 billion industry [...]