banks

  1. Ron Strider

    More Banks Welcome Marijuana Businesses, Federal Data Shows

    A steadily growing number of banks are willing to open accounts for marijuana businesses, according to new federal data. Even as a string of conflicting signals from the Trump administration surrounds the debate about legalization with uncertainty, the number of depository institutions that...
  2. Ron Strider

    Florida's Medical Marijuana Industry Is Losing Its Bank, But Others Are Stepping In

    Florida's First Green Bank started serving the state's medical marijuana industry with much fanfare this year, boasting that it was the only financial institution in the state willing to work with marijuana businesses. "I suspect we'll have the entire industry by [the fall]," the bank's founder...
  3. Ron Strider

    CA: Marijuana Firms In Cloudy Haze Over Banking Woes

    Zach Lazarus, chief executive officer of A Green Alternative, a marijuana dispensary in San Diego, California, has lost count every time he re-opened a bank account after it was closed because of his connection to the cannabis industry. Lazarus has had to play a game of "whack-a-mole" with...
  4. Ron Strider

    Marijuana Businesses Are Awash With Cash - California Wants To Get Money Into Banks

    One of the biggest problems facing California cannabis businesses, regulators and law enforcement officials once recreational marijuana sales become legal on Jan. 1 is what to do about all the cash that is expected to change hands. With marijuana still illegal under federal law, most marijuana...
  5. Ron Strider

    California Considers 'Green Banking' As It Transitions To Fully Legal Pot

    California has a possible solution to the problem of banks being unwilling to handle money from the state's multibillion-dollar legal marijuana industry, one that officials say would be the first system of its kind in the nation. Talks are underway between the state, banks and federal...
  6. Ron Strider

    CA: Weed Entrepreneurs Will Make $5.2B In 2018 With Almost No Banks To Put It In

    California cannabis entrepreneurs will earn $5.2B in revenue in 2018 as recreational use becomes legal there. The state of California will collect about one billion dollars in accompanying marijuana taxes. These numbers, estimated by Matt Karnes, industry analyst and managing partner of New...
  7. Ron Strider

    California Treasurer Wants The State To Study A Public Bank Option For Pot Businesses

    California Treasurer John Chiang wants the state to consider creating a government-owned bank that could serve cannabis businesses, one of several recommendations aimed at helping bring those businesses into the financial mainstream. The recommendations, the product of a year of meetings of a...
  8. Ron Strider

    Public Banks Offer Hope For Marijuana Businesses

    With most private institutions and credit unions still avoiding the legal cannabis industry, many marijuana businesses remain without bank accounts. But one idea is gaining acceptance among marijuana entrepreneurs and a growing number of cities and states: the formation of public banks to...
  9. Ron Strider

    Banking Still A Hurdle For Marijuana Entrepreneurs

    What sort of issues crop up when your industry is locally legal yet federally prohibited, as is the case with marijuana businesses? Banking issues. “The banking problem is probably the most challenging hurdle for entrepreneurs who want to be involved in legal cannabis,” Marijuana Business...
  10. Ron Strider

    Medical Marijuana Business In Arkansas Worries Banks

    The medical marijuana business in Arkansas will not be cash only, as feared by opponents during last year's campaign for the Arkansas Medical Marijuana Amendment. But banking services for the business will be expensive, secretive and legally dubious, according to representatives of the...
  11. Ron Strider

    American Banks Won't Turn Their Backs On The Cannabis Market For Long

    The New York Times reported last week that American banks are putting pressure on their Uruguayan counterparts to close the accounts of anyone registering incomes from the commerce of cannabis in the country. Even though recreational cannabis use is legal in Uruguay, and the industry is being...
  12. Jackalope

    Seed Banks & Breeders

    Lots of confusion out there these days about seed banks. With new companies starting up every day it is almost impossible sort through it all. First off. Seed Banks are not breeders though some carry seeds under their name. Seed banks are breeder super stores. How they take care of the thousands...
  13. Ron Strider

    Pot Was Flying Off The Shelves In Uruguay. Then U.S. Banks Weighed In

    The pharmacies selling pot were doing a brisk business. After Uruguay became the first country in the world to fully legalize marijuana sales for recreational use last month, some of the pharmacies struggled to keep up with the demand. Then came the stern letters from American banks...
  14. Ron Strider

    Legal Marijuana Sale Faces Challenges By Banks In Uruguay

    The legal sale of marijuana in Uruguayan pharmacies is facing challenges as banks refuse to deal with companies linked to the drug in order to follow international financial laws. A government official said Friday that Uruguayan banks risk running afoul of laws that ban receiving money tied...
  15. Ron Strider

    Future Medical Marijuana Growers And Sellers Can't Take Money To Banks

    Future medical marijuana growers and sellers in the Natural State can't take their money to the bank, for now, that is. After doing his homework, the state lawmaker who crafted the new cannabis laws has learned more money, more problems when it comes to doing business without banking...
  16. H

    Most potent seed banks

    Hey guys Was just curious as to which seed banks have given you the most potent seeds. I'm using crop king and they looked good but I also want to shop around To find that top top shelf! Preferably opinions from growers who have use multiple seed banks therefore they can give an honest...
  17. Ron Strider

    NY: 3 Niagara Falls Residents Accused Of Smuggling Marijuana Across Border

    Curtis Nalls, 38, John Banks, 34, and Cassondra McDougald, 32, all of Niagara Falls are accused of conspiracy to smuggle more than 100 kilograms of marijuana into the United States from Canada, according to the U.S. Attorney's office. Border agents in November 2016 received information that...
  18. Ron Strider

    Should California Start Its Own Bank To Serve Marijuana Companies?

    With recreational marijuana sales set to become legal in California next year and most banks unwilling to open accounts for cannabis companies, pot entrepreneurs are desperate to figure out what to do with their piles of cash. Now, some want the state or cities to get involved. Over the last...
  19. C

    Hmm bad genetics? Which bank to go to?

    I recently had a grow...being an intermediate. I really noticed the difference between two different seed banks. I noticed at harvest one was tighter and smelled better than the second. I don't know if it was because the temp went up to 85 degrees or not. Do you get what you pay for? Are the...
  20. Ron Strider

    This Recent Development Could Signal Danger For Marijuana Stocks

    One decision by a major bank could mean trouble in the not-too-distant future for marijuana stocks. PNC Financial Services is shutting down the bank accounts for a major advocacy group for marijuana legalization, the Marijuana Policy Project (MPP). According to The Washington Post, Nick...