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Credit Union Helps US Marijuana Businesses Put Down Roots

PYMNTS

Massachusetts joins a handful of states, including Colorado, Washington and Maine, that have taken steps to legalize recreational marijuana. GFA, however, will offer basic financial tools to these businesses, including access to online banking, checking accounts, debit cards, cash management and payroll services.

Colorado 126
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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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GonzoBanker Awards 2017

Gonzobanker

Heavy-handed regulators. Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. One word can summarize this action-packed banking year, GonzoBankers – tiring.

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The 25 Most Absurd Job Titles In Tech

CB Insights

I knew I’d have to hand out my card and I thought information security engineer sounded so boring,” Tabriz later said, “Guys in the industry all take it so seriously, so security princess felt suitably whimsical.”. Tax Wrangler. The Hamilton Journal-News reported in 2015 that the Colorado-based StarTek Inc. Brand Warrior.

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Why The SAFE Banking Act Won’t Solve All Cannabis’ Payment Problems

PYMNTS

The bill was sponsored by Congressmen Ed Perlmutter of Colorado, Denny Heck of Washington, Steve Stivers of Ohio and Warren Davidson of Ohio — all members of the House Committee on Financial Services. The legislation aims to ensure that state-authorized and regulated cannabis businesses are not forced to operate with cash only.

Payments 213
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Can Legal Pot Thrive With Closed-Loop Payments?

PYMNTS

According to the report, State Treasurer Zach Conine “likened the system to gift cards or digital wallet apps, such as Venmo , and said the program would not include broader banking services like loans.”. The report also noted that, “since launching in Colorado in 2016, privately held LeafLink has quickly gained traction. Sales Growth.

Oregon 136
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SAFE Banking Act Gains Cannabis-Friendly Spotlight In Congressional Hearing

PYMNTS

That’s because it marked the first hearing dedicated to a proposed bill in Congress that would offer financial institutions protections against federal regulators when dealing with legal cannabis operations. In 2018, consumers in Colorado bought some $1.55 Two of the speakers at the hearing — Colorado Rep. Cash Dangers.

Oregon 230