November 30, 2020
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What is Legacy Cash and Why Is It Important to Cannabis Banking?

The term "legacy cash" refers to unbanked money accumulated by a business. In the cannabis industry, many businesses have a large sum of legacy cash on hand due to banking restrictions that left them without banking services.
November 10, 2020

Debunking 5 Cannabis Banking Myths

The legal cannabis industry is still relatively young and evolving, but many U.S. institutions – financial ones included – have yet to catch up with this new reality.
November 5, 2020
Fincann hemp banking blog

Hemp Banking, CBD Banking, and Cannabis Banking: What’s The Difference?

Hemp and cannabis are technically the same plant, but in the eyes of the law, they couldn’t be more different.
November 4, 2020
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When will New Jersey launch its adult use market?

Cannabis won big in the 2020 election, but sales in New Jersey will not commence overnight. Fincann expects a 2022 launch. Here's why.
July 24, 2020

How cannabis and hemp CBD differ from a regulatory perspective

For quite a long time and still even today, the end of federal cannabis prohibition has stood as a before and after milestone in the industry. Conventional wisdom has been for industry enterprises to tailor their major shareholder liquidity event for the year following prohibition’s end, which could happen as soon as the first half of 2021. The ‘C-level’ talk at trade conferences has been that of tailoring one’s company to be optimally attractive to specific categories of potential buyers […]
July 24, 2020

Fincann Submits Testimony to House Subcommittee Hearing on Cannabis Banking

Cannabis banking is not about the pros and cons of legalization, potential medical applications, and the myriad challenges faced by an industry struggling to transition from the black market to mainstream acceptance. The most critical and essential issue arising from the lack of banking for the cannabis and hemp industries is actually one of a community safety crisis and not one of the albeit considerable inconveniences and expenses plaguing the industry. The crisis is real, it is severe and it […]
July 24, 2020

Marijuana Banking: Front Line Perspectives for Anti Money Laundering Professionals

It is understandable and reasonable for many folks especially in the conservative mainstream to remain skeptical of recent claims of medical efficacy and harmless non-consequential recreational use of cannabis aka marijuana given decades of pervasive messaging to the contrary. However it is vital for today’s AML and banking professionals to learn the real truth to take timely advantage of opportunity as well as to ‘nip in the bud’ a looming and severe danger both to our communities and our financial […]
July 7, 2020

What the revocation of the Cole Memo means for cannabis banking

Since it remains undisputedly illegal under Federal law, the state-licensed legal marijuana industry currently primarily operates under a presumption of prosecutorial forbearance and perceived rather than actual risk. The Cole Memo is a ‘feel-good’ U.S. Department of Justice guidance that does not actually restrain local U.S. Attorneys General from enforcement, but sets department priorities with regard to marijuana, such as sales to minors or diversion of product out of state. The Rohrbacher-Blumenauer budget amendment, which prohibits use of federal funds […]
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