marijuana banking

Federal Law for Legal Cannabis Banking Moves Forward

Federal Law for Legal Cannabis Banking Moves Forward

One of the most serious issues facing those who would work in legal cannabis businesses is difficulty with opening a bank account. Current federal policy prohibits banking institutions from opening accounts related to cannabis businesses. Generally, only those who are directly involved in or profiting from the growth or sale of cannabis are prohibited from […]

ATMs in Legal Dispensaries Shut Down, Cutting off Cash for Customers

ATMs in Legal Dispensaries Shut Down, Cutting off Cash for Customers

One of the ways retail cannabis dispensaries and medical marijuana dispensaries have been able to operate in a country that doesn’t allow them to actually bank has been via the use of on-site ATMs, registered to their business or a neighboring business. These machines may either dispense cash directly to customers or allow them to […]