Banking for the Cannabis Industry

Banking for the Cannabis Industry

The legal cannabis industry continues to grow despite hurdles at the federal level. Banking for the cannabis industry, in particular, has been a challenge for many dispensaries, cultivators, and testing labs. Much of this difficulty stems from the 2013 Cole Memo and...
Legal Cannabis in Maine

Legal Cannabis in Maine

On November 8, 2016, after a very close vote, marijuana was finally legalized in the state of Maine. That puts the state in a group of other 7 states and the District of Columbia which have made cannabis legal for recreational purposes, retail sale, and the taxation...
Legal Marijuana and Gun Ownership

Legal Marijuana and Gun Ownership

As states such as Washington, Nevada, and Colorado begin to allow legal marijuana, they are also beginning to buckle down on gun ownership laws. But what happens when the two laws collide? This situation became prevalent when S. Rowan Williams, a woman from Nevada,...
Banking and the Cannabis Industry

Banking and the Cannabis Industry

In 2016, an estimated $1.2 billion in cash will be transacted by the cannabis industry in Colorado, one of four states where cannabis is legal for recreational use. Federal law, however, prohibits banks and credit unions from taking marijuana money since the drug is...

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