The cannabis industry took a step back on its merger and acquisition activity in 2020 due to some pandemic-related instability but the industry picked up where it left off by
Continue Reading Cannabis M&A Predictions for 2021
banking
Expanding Your Banking Services to Marijuana-Related Businesses
By Fox Rothschild LLP on
Investors and lenders could be seeing more green from cannabis. Considering that more than 30 states have approved medical marijuana and about a third of those have also legalized its…
Continue Reading Expanding Your Banking Services to Marijuana-Related Businesses
Proposed Illinois Bill Would Loosen State Regulations on Banks Providing Services to Cannabis-Related Businesses
By Andrew M. Halbert on
With momentum growing for legal adult-use cannabis in Illinois following the election of J.B. Pritzker to the governorship, the Illinois General Assembly is already proposing legislation that would loosen regulations…
Continue Reading Proposed Illinois Bill Would Loosen State Regulations on Banks Providing Services to Cannabis-Related Businesses
State of Florida Continues to Encounter Delays in Rolling Out Medical Marijuana
By Dori K. Stibolt on
As I posted previously, the State of Florida missed the deadline to issue more licenses for medical marijuana treatment centers.
Florida has also encountered serious delays in processing requests for…
Continue Reading State of Florida Continues to Encounter Delays in Rolling Out Medical Marijuana
Marijuana Banking Update Issued by FinCEN
By Melissa T. Sanders on
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…
Continue Reading Marijuana Banking Update Issued by FinCEN