The Business of Cannabis

Cannabis Still Faces Major Challenges, Such As Access To Banks

Jul 30, 2026 | National

Nearly a decade after Californians voted to legalize recreational cannabis, state leaders and industry representatives say legal businesses are still facing major challenges. Lawmakers, cannabis business owners, banking representatives and advocates gathered at the...

Marijuana Banking Bill Will Not Be A Part Of America COMPETES Act

Jun 24, 2022 | National

Marijuana banking legislation will not be included in the final version of the United States Innovation and Competition Act (a/k/a The America COMPETES Act), bipartisan congressional members concluded, Punchbowl News reported last week. Even though the U.S. House of...

72 Percent Of Cannabis Operators: Lack of Banking Is Biggest Concern

Feb 2, 2022 | National

Their number one concern for cannabis operators is a lack of banking or financial services then followed by market volatility, big business competition, and taxes, reports Whitney Economics in a new report. U.S. Cannabis Business Conditions Survey Report that reveals...

Lake Trust Credit Union Joins Growing List Of Cannabis-Friendly Banks

Nov 10, 2021 | Great Lakes Region, Michigan

Lake Trust started looking at the cannabis industry in 2018 and took two years before it began signing on clients in June 2020. The credit union now has 20 cannabis members, out of a total 176,900, and it is onboarding three more to join within a month. It has gone...

Frankenmuth Credit Union launches New Program To Service Cannabis Businesses Despite Legal Grey Area

Jul 27, 2021 | Feature, Great Lakes Region, Michigan

Despite the federal legal gray area, Frankenmuth Credit Union has launched Envy, a pilot program dedicated to servicing cannabis businesses in the community. Voted by Forbes as the best credit union in the state of Michigan in 2020, the Frankenmuth-based...