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Cannabis Cos’ Payroll Problems Run Deep

PYMNTS

And while reports in The Washington Post said the situation was thus “diffused,” the saga was a disruptive reminder that the regulatory landscape for marijuana companies — often small businesses (SMBs) — remains unclear, in flux and risky. We can process payroll and taxes for our banked clients.”. They need to run compliance.

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SAFE Banking Act Gains Cannabis-Friendly Spotlight In Congressional Hearing

PYMNTS

Ed Perlmutter and Washington Rep. Such prohibition could involve limiting FDIC protections for those deposits, for example, or trying to prevent loans to those businesses. The speakers told stories of violent armed robberies, money laundering and tax evasion, among other negative impacts of a cash-based industry. Cash Dangers.

Oregon 230
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SAFE Banking Act Gains Cannabis-Friendly Spotlight in Congressional Hearing

PYMNTS

Two of the speakers at the hearing — Colorado Ed Perlmutter and Washington state Rep. Such prohibition could involve limiting FDIC protections for those deposits, for example, or trying to prevent loans to those businesses. The hearing on Wednesday served as the first hearing for that proposed bill, according to lawmakers and reports.

Oregon 115