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One area of certainty in the 2020 election is the momentum for legalizing cannabis, as a string of ballot box victories makes it harder for banks to avoid working with dispensaries and other legal marijuana businesses.November 4
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Bankers have become more uncertain about how to serve marijuana businesses owing to confusion about which states deem them essential.June 4
Senior AdviserFS Vector
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New data analytics could help provide more comfort to banks in doing business with the cannabis industry, despite restrictive federal laws.November 21
Chief Product OfficerQuantexa
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As Banking Committee Chairman Mike Crapo works on legislation enabling banks to serve cannabis businesses, one area of focus is combating risks tied to “legacy cash” that has accumulated in the marijuana industry.October 4
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The legislation included changes designed to attract more Republican support, which is key to the measure ultimately becoming law.September 25
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It's a multibillion-dollar industry in a state of payments-regulation limbo and as a result, the U.S. cannabis business has mainly operated on a cash basis.May 31
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Global Payout is providing software to the makers of point of sale hardware for the cannabis industry, integrating payment card processing with other business services common for dispensaries.January 10
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Hostilities toward the legal U.S. cannabis industry are softening considerably, with signs of further removing cash and digital workarounds from a market that has long been shunned by traditional payment cards.December 21
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The financial industry is not expecting movement on a lot of legislation given a divided Congress, but one measure is beginning to attract widespread attention.December 14
BankThink EditorAmerican Banker
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The regulations for legal cannabis are slowly loosening, but whether they have loosened enough to support a “normal” online shopping experience in the U.S. is being put to the test by a new mashup of digital ordering and payment tools.December 6
