Tag

banking

7 articles tagged with "banking"

All News Industry News34 Legislation332 Medical Cannabis16 Products14 Culture64 Science & Research16 Business110 International20

Business

FundCanna Lands $60M Credit Facility for Cannabis Business Loans

Cannabis lender FundCanna secured a $60 million credit line from an institutional investor managing $40 billion in assets, bringing its total capital to $75 million as cannabis operators continue facing limited banking access.

May 24, 2026

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Legislation

GOP Banking Chair Calls Cannabis Banking Crisis a 'Quandary' Requiring Federal Legalization

Senate Banking Committee Chair Tim Scott acknowledged cannabis banking requires federal legalization to resolve, marking a shift from GOP positions that sought narrow banking fixes while maintaining prohibition.

May 6, 2026

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Business

Schedule III Shift Triggers Federal Cybersecurity Rules for Cannabis

Cannabis rescheduling to Schedule III will subject operators to federal cybersecurity requirements, including banking data protection rules and IRS record-keeping standards. Most companies lack adequate compliance programs.

Feb 2, 2026

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Legislation

West Virginia Sits on Medical Cannabis Revenue for Months Over Federal Banking Fears

West Virginia has collected over $1.2 million in medical cannabis licensing fees but refuses to spend it, citing federal money laundering concerns despite no prosecutions of state officials in other cannabis states.

Jan 27, 2026

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Industry News

Cannabis Firms Challenge Wall Street Restrictions

Cannabis industry leaders are appealing to President Trump to address federal banking barriers that impede growth and safety.

Jan 11, 2026

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Legislation

Banks Hold Ground Post-Trump Cannabis Rescheduling

Major banks avoid cannabis businesses despite Trump's rescheduling order, highlighting ongoing financial hurdles.

Jan 10, 2026

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Business

Cannabis Rescheduling Could Boost Financial Stability

Rescheduling cannabis could improve cash flow for businesses by easing banking restrictions. This change may enhance financial stability across the industry.

Jan 8, 2026

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