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Fincann Blog

November 30, 2020

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.
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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.
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November 8, 2020

Fincann named as top cannabis banking institution by Best Marijuana Guide

Nathaniel Gurien, CEO of Fincann, is proud to announce that the company has been named as a top cannabis banking institution by Best Marijuana Guide.
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November 5, 2020

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.
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November 4, 2020

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.
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July 24, 2020

How cannabis and hemp CBD differ from a regulatory perspective

We can all expect turmoil, shakeouts, fierce competition, incredible innovation, and an amazing $100B+ industry that barely resembles what we see today. Fasten your seatbelts!
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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.
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July 24, 2020

Marijuana Banking: Front Line Perspectives for Anti Money Laundering Professionals

It is understandable and reasonable for folks to remain skeptical of cannabis. However, it is vital for today’s AML and banking professionals to ‘nip in the bud’ the misconception that cannabis businesses must remain unbanked.
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July 7, 2020

What the revocation of the Cole Memo means for cannabis banking

it is politically unfeasible and therefore unlikely that it will be upgraded to include recreational or adult-use licensees, setting up the possibility of battles between legal states and the federal government.
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