Debt Collection Compliance Considerations for Cannabis Retailers

By Corey Scher & Joshua Horn on March 27, 2023

A cannabis retailer, and those who collect debt on their behalf, may not be governed by the Fair Debt Collection Practices Act (FDCPA), but they probably should act like it. The FDCPA is applicable when a third-party attempts to collect on a debt which obligates a consumer to pay for…

FinCEN Confirms Marijuana Banking Guidance Remains in Place Despite DOJ Policy Reversal

By Matthew D. Lee on January 11, 2018

Reuters is reporting today that the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) was caught off guard by Attorney General Jeff Sessions’ announcement last week that the Justice Department was…

Federal Data Shows More Banks Are Serving Marijuana Businesses

By Matthew D. Lee on January 4, 2018

The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has released updated statistics showing a steady increase in the number of depository institutions that actively bank U.S. marijuana businesses. As of…

ABA Panel Tackles Venture Investing in Cannabis Companies

By Fox Rothschild LLP on September 12, 2017

Venture capital is playing a growing role in the country’s emerging legal cannabis industry. Attorneys Emily J. Yukich and Matthew R. Kittay of Fox Rothschild’s Emerging Companies & Venture Capital…

Marijuana Banking Update Issued by FinCEN

By Melissa T. Sanders on June 19, 2017

The Financial Crimes Enforcement Network of the U.S. Department of the Treasury (FinCEN) recently issued a Marijuana Banking Update, with data through March 31, 2017. The number of banking institutions…

Don’t Ignore These Crucial Tax Issues When Setting Up Your Marijuana Business

By Fox Rothschild LLP on March 3, 2017

Tax and accounting issues you should not ignore when setting up your marijuana business:

The Trouble with Cash Based Businesses

Internal Controls – any cash based business is closely scrutinized…

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Debt Collection Compliance Considerations for Cannabis Retailers

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FinCEN Confirms Marijuana Banking Guidance Remains in Place Despite DOJ Policy Reversal

Federal Data Shows More Banks Are Serving Marijuana Businesses

ABA Panel Tackles Venture Investing in Cannabis Companies

Marijuana Banking Update Issued by FinCEN

Don’t Ignore These Crucial Tax Issues When Setting Up Your Marijuana Business

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