Tag Archives | cannabis banking

Florida Democratic Politician Hit By Wells Fargo, BB&T Discrimination For Accepting Cannabis Campaign Money

Florida Democratic Politician Hit By Wells Fargo, BB&T Discrimination For Accepting Cannabis Campaign Money

To fully understand why cannabis legalization will not be complete and legitimized until federal legalization happens, one only has to consider the case of Florida politician Nikki Fried. As a lobbyist and the Democratic candidate for the office of Florida agriculture commissioner, the state’s legal medical marijuana industry has been one of Fried’s most important […]

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Triumph Over Adversity: GFive Cultivation Talks The Ups And Downs Of Being A POC In The Cannabis Industry

It’s a fact: Racial minorities are frequently arrested for cannabis-related charges at a noticeably larger degree than their white counterparts. While black people in the US consume cannabis at a similar rate to white people, they’re 3.73 times more likely to be nabbed for possession, according to the American Civil Liberties Union. And with white […]

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Stated Clearly: California Sees State-Run Financial Institutions As A Solution To The Cannabis Industry’s Banking Problem

Licensed operators within the cannabis space are well aware that the inability of pot professionals to gain access to traditional banking services is one of the bigger problems facing our industry. Across the country, cannabusinesses are being forced to deal strictly in cash, which opens them up to a wealth of risks, including theft, violence, […]

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