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IRS Asks Court To Dismiss Motion To Block It From Accessing Coinbase Data

PYMNTS

The IRS, for its part, argued the John Doe summons was to get information on certain unknown tax payers, and now that Berns has outed himself as a Coinbase customer, it doesn’t need the John Doe summons for Berns. It is licensed in 34 states, the District of Columbia and Puerto Rico and operates in 32 countries.

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How Cannabidiol Products Are Infusing Luxury Retail

PYMNTS

Though marijuana has been made legal for recreational or medical use in 33 states and the District of Columbia, it remains listed as a Schedule I narcotic by the federal government, and is thus considered very illegal.

Retail 136
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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. All panel members agreed that forcing a multi-billion-dollar-a-year vertical to operate in a cash-dominated, semi-black market when it comes to financial services is not sustainable — or smart. Higher Risk Than Necessary.

Payments 123
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Building A More Compliant Cannabis Industry With The Blockchain

PYMNTS

Though marijuana has been decriminalized for medical or recreational purposes in 29 states (and the District of Columbia) and 64 percent of the polled voting population supports marijuana’s legalization, pot remains very much illegal on the federal level as a Schedule 1 narcotic.

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

PYMNTS

This law, while enormously beneficial to public and environmental health, meant that many independent truck drivers would have to cease operating if they could not afford to retrofit or replace their trucks,” Urrutia noted. is created in the economy in the form of new wages, new spending and additional tax revenue.

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242 Startup Failure Post-Mortems

CB Insights

After Amazon announced in March that it was planning to shut down Diapers.com and all the other eCommerce sites operated by Quidsi, the company it acquired in 2010 — the online retailer has pulled all of the Quidsi apps from its app store. Title: ChaCha, unable to find financial answers, shuts down operations. Product: Quidsi.

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