The federal government has lagged behind the states when it comes to cannabis policy, resulting in the much-discussed (but also much misunderstood) cannabis banking problem. Maybe you’ve heard the usual narrative: Because cannabis is federally illegal and banks are federally regulated, the cannabis industry has no access to the banking system and operates [...]
Read founder Dan Roda's article in Arkansas Business about SAFE Banking and it's impact on cannabis banking. https://www.arkansasbusiness.com/article/128701/safe-banking-and-cannabis-dan-roda-commentary
Read about Dan Roda commenting on Tulsa-based Encentus Federal Credit Union leaving the cannabis banking industry. Dan explains the ramifications of the SAFE Banking act. Read about it here.
Dwain Hebda for AMP interviews Abaca CEO Dan Roda about the cannabis industry industry in Arkansas, and Abaca's solutions to the banking challenges. Read it here.
Banks in middle; some accept risk. Read about banking the cannabis industry in Arkansas by clicking here.
Gwen Moritz of Arkansas Business writes about Abaca's solutions to banking the cannabis industry. Read about it here.
Watch THV11’s segment on abaca’s new banking options for the medical marijuana industry in Arkansas and Oklahoma. Banking, payment processing and lending is made easy and affordable for the cannabis industry because of abaca’s fintech solution and app.
In order to qualify as a medical marijuana patient in the State of Arkansas - patients must be certified to suffer from one of the following conditions: Cancer Glaucoma Positive status for human immunodeficiency virus/ acquired immune deficiency syndrome Hepatitis C Amyotrophic lateral sclerosis Tourette’s syndrome Crohn’s disease Ulcerative colitis Post-traumatic stress disorder [...]
Cannabis businesses can face steep challenges in order to land a marijuana friendly bank account. But there is good news….because there are some steps that businesses can take today that will make getting an account a little easier. First, understand that banks are under intense regulatory scrutiny when they take on marijuana accounts. [...]
The U.S. Senate recently voted to block an amendment that would have eased access to banking services for the nation’s cannabis industry and, as if on cue, another dispensary was robbed at gunpoint. Silver Sage Wellness in Las Vegas was the victim of an armed robbery that netted $28,000 in cannabis products and $1,000 in [...]
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