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Entering the cannabis banking market

Independent Banker

While the legal status of banking cannabis-related businesses remains fuzzy at the federal level, community banks in some states are finding that, with proper controls, they’re able to enter this niche market and offer banking services to these local businesses. decided to take a close look at that market. Photo: Susan Seubert.

Marketing 113
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The Digital Evolution Of The Online Gaming Ecosystem

PYMNTS

Since 2018, when sports betting was only legal in the state of Nevada, 19 additional states and the District of Columbia have legalized the practice, either already allowing bets to be placed or are on the way to doing so. The firm entered the public markets with a valuation of $3.3 But I knew weather and sports,” Roth noted.

Online 134
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SNAP Users Shut Out Of The Digital Grocery Aisles

PYMNTS

“Online purchasing is a potential lifeline for SNAP participants living in urban neighborhoods and rural communities where access to healthy food choices can be limited,” then-U.S. We’re looking forward to being able to bring the benefits of the online market to low-income Americans participating in SNAP.”.

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Giving Truckers Better Loans Can Lower Carbon Footprints: Here’s Why

PYMNTS

Most auto manufacturers make 50 state models of the cars they sell — which means California’s emissions standards often become the de facto standard for new vehicles built and brought to market. The impact of these loans stretches well beyond our borrowers. particularly from South and Central America and Southeast Asia.

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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. More complicated because the disconnect between state and federal regulation of the substance is growing wider by the year.

Taxes 151
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242 Startup Failure Post-Mortems

CB Insights

Fresco’s head of community marketing, Johnathan Hamiter, began sending employees private Slack messages saying funding seemed “pretty bleak” and encouraging them to look for other jobs. Imzy was created by former Reddit employees Dan McComas and Jessica Moreno as a safer, friendlier version of the popular community site.

Company 78