Lifting of Hemp Banking Restriction Clears Path for Marijuana Banking

Not only did banking hemp just get easier and more profitable, prohibitions on providing financial services to Marijuana growers, processors and sellers (“MRBs”) may be further reduced. In conjunction with state bank regulators, this week four federal agencies issued a statement fortifying hemp cultivation’s legal status and removing costly compliance requirements preventing banks from providing

By |2019-12-18T10:56:54-07:00December 5th, 2019|Banking and Finance|

Wake of the Flood

How the SAFE Banking Act Can Remove Barriers to U.S. Cannabis Finance In the third financial quarter of 2019, the“Big Four” public Canadian cannabis corporations lost nearly $14 billion in market capital. For the last few years, Canadian investment has been the prominent financial resource for the global cannabis industry. But now the time has

By |2019-12-18T13:04:52-07:00October 23rd, 2019|Banking and Finance|

Publicly Traded Cannabis Gets Real on Valuations

Stock market bandwagon rides, no matter how good usually come to an end.  Hopefully, investors get where they thought they were going rather than crashing with all aboard.  I often tell clients that I am a professional pessimist and it appears that the irrational exuberance for publicly-traded cannabis stocks is coming to an end.  Exemplify

By |2019-12-18T12:11:39-07:00October 16th, 2019|Banking and Finance|

2019 National Law Journal : Trailblazers Finance, Banking & Capital Markets

Steve Schain was recently named one of National Law Journals 2019 Trailblazers! Congratulations Steve! Steve Schain began representing Wells Fargo about 20 years ago. "I ended up representing more lenders and mortgage services in all kinds of litigation. Then, I helped them through Dodd-Frank and other regulations." See more at law.com

By |2019-12-18T13:44:34-07:00October 10th, 2019|Banking and Finance|

Why the SAFE Banking Act’s Passage May Solve Cannabis Banking

Paving the way for banks and insurance companies to serve state-legal Marijuana growers, processors, transporters and sellers (“Marijuana-Related Businesses” or “MRBs”) without fear of federal reprisal, on September 25, 2019, the United House of Representatives passed the “Secure and Fair Enforcement Banking Act of 2019” (“SAFE Banking Act”). A bipartisan bill seeking to align federal

By |2019-12-18T12:25:34-07:00September 30th, 2019|Banking and Finance|

Week In Review – September 13-19, 2019

Investment Opportunities Grow As Cannabis Expands Into New Consumer Markets For years, friends and family and angel investors were the primary funding sources for cannabis ventures, as only those closest to the industry were willing to take the risks that came with investing in a sector that, while increasingly legal at the state level, was

How to Move and Bank Cannabis Cash in the US and Beyond

Spanning 34 states and generating $10.8 billion domestically in 2018, banking and cash management is one of legalized marijuana’s greatest obstacles. While 633 banks and credit unions (financial institutions) provide marijuana growers, processors and sellers (marijuana-related businesses or MRBs) with accounts, this is a small fraction of nation’s 11,954 financial institutions, which, to offset onerous

By |2019-12-18T12:35:06-07:00September 10th, 2019|Banking and Finance|

Hemp Investing 101: The Basics

Since 2014, the nascent hemp industry quickly developed into a profitable and attractive industry for investors. Now, with the boon of the 2018 Farm Bill, hemp businesses and investors alike recognize the industry’s enormous potential, with endless uses for the hemp plant and numerous opportunities for investment. Notably, hemp is now treated by both federal

By |2019-12-18T12:35:38-07:00September 10th, 2019|Banking and Finance|

Hemp Industries Association (HIA) Takes its “Hemp is Legal” Ad to Times Square Addressing Banking Issues

Its “Hemp is Legal” campaign was launched in May in which the group, including the likes of Hoban Law Group, Bluebird Botanicals, and Bish Enterprises, called out Facebook for having strict advertising policies preventing hemp introduction. In a recent press release dated, Wednesday, August 28, 2019, the not-for-profit revealed a new step taken, and it

By |2019-12-18T13:46:12-07:00September 4th, 2019|Banking and Finance|

Look Beyond the Valuation of a Cannabis Business to Create a Valuable Relationship

Many cannabis investors and companies seeking investments are looking to establish relationships with each other as strategic partners, not simply silent partners. A strong relationship between the two parties should be a top priority — if the parties aren’t willing to work towards this common objective, it is unlikely a good match. Using the process

By |2019-12-18T12:37:26-07:00August 5th, 2019|Banking and Finance|