PYMNTS

NOVEMBER 15, 2018

million to a Virginia company to handle “large cash payments for processing cannabis federal taxes.”. billion in taxes last year on nearly $13 billion in revenue from legal cannabis companies. Most of these companies were forced to pay their federal taxes in cash because about 70 percent of all legal cannabis businesses are unbanked.

Taxes 208

Taxes Denver Colorado Virginia 208

Abrigo

JUNE 27, 2023

Regulations such as Geographic Targeting Order updates help identify AML risks by requiring identification for certain real estate purchases. The limited regulation around the real estate industry has made it especially easy for these bad actors to cycle their dirty money into the financial system using this avenue.

El Paso 195

El Paso Miami United States New York City 195

PYMNTS

FEBRUARY 8, 2017

Denver-based Greenline Ventures is opening up a new fund to help finance small businesses in the U.S. The financing will leverage New Markets Tax Credits (NMTC), alongside private capital, to provide short-term financing to small businesses with competitive rates and flexible terms, the company said. The company revealed Tuesday (Feb.

Denver 100

Denver Community Lending Taxes 100

PYMNTS

FEBRUARY 20, 2019

That means otherwise straightforward and common small business duties, like banking , taxes and payroll, can be problematic for firms in the cannabis industry that are legally required to operate almost entirely in cash. From there, the regulation of CBD gets a little more complicated.

Retail 136

Retail District of Columbia San Francisco Denver 136

PYMNTS

MARCH 22, 2017

Now, Milton said, there are more cannabis dispensaries in Denver than there are 7Eleven and Starbucks combined. For instance, if a customer routinely purchases edibles, they might receive updates on stock or promotional information if state regulations allow it. (In (Hint: It grew rapidly.) The same is true for investments.

Technology 119

Technology Colorado Tools Denver 119

PYMNTS

APRIL 24, 2017

The company will make its grand debut in July of this year, when it announces the first five local coffeehouse chains, located in the Denver and San Francisco areas, that will partner with Bext360 in its community-based coffee enterprise.

blockchain 109

blockchain Denver San Francisco Community 109

Jeff For Banks

JUNE 2, 2023

Second, this can be accomplished only if the industry does not have too much influence over its regulators and if the regulators have the ability to hire, train, and retain qualified staff. Third, the regulators need adequate financial resources. My lesson learned to the regulators, read your past lessons learned.

FDIC 78

FDIC Community Bank Regulation Lending 78