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Fizzle Of The Week: The Cannabis Payments Conundrum

PYMNTS

states (and the District of Columbia) where marijuana has been legalized for sale in some capacity, it has thrown off a fairly large chunk of tax revenue in the last year. billion in taxes from legal cannabis companies last year, an amount of money that is undoubtedly a sizzle for the federal coffers.

Taxes 177
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Will The SAFE Banking Act Make Life Riskier For Banks?

PYMNTS

In fact, in the intervening 23 years, the situation has arguably gotten even more complex as 31 states (plus the District of Columbia) have legalized cannabis consumption for either legal or medical reasons. Plus, though it is mentioned less frequently, cash industries are notoriously hard to tax.

Taxes 151
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It’s Not Easy Being Green: Cannabis Payments

PYMNTS

Seven other states have followed suit within the last five years, including the District of Columbia. Coley, Regulatory & Compliance Principal and Former Fed Bank Examiner Dante Tosetti and Green Bits CEO Ben Curren. They also pay their staff, pay their suppliers, pay their utility bills and pay their taxes.

Payments 123
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CFPB Enters Into Consent Order With Reverser Mortgage Lender and Broker

CFPB Monitor

With regard to the method and volume of advertising, the CFPB asserts that since December 2015 Nationwide has mailed hundreds of thousands of mortgage advertisements and distributed flyers to older homeowners and financial professionals whose clients were older homeowners in at least 36 states and the District of Columbia.

Taxes 78