After a long wait, a much-anticipated cannabis banking decision by the 10th Circuit Court of Appeals is in the books. On June 27, 2107, the Fourth Corner Credit Union, sometimes referred to as the First Bank of Pot, won a reversal and a legitimate possibility of ultimately obtaining the master account from the Federal Reserve that it needs to conduct business. Nonetheless, cannabis businesses hoping for a breakthrough in their ability to access conventional financial institut
If you build it, they will come. At least that is what the California lawmakers examining the insurance needs of the state's burgeoning cannabis industry are hoping. In multiple moves over recent weeks, officials have made clear their expectation that insurers begin treating the industry as they do any other legitimate line of business - whether or not the insurers are ready to do so.
The Bureau of Medical Cannabis Regulation (BMCR) recently published its proposed licensin