July 05, 2020
US Treasury Tells Banks To Treat Hemp Businesses Like Any...

The nation’s marijuana regulator has told financial institutions to treat the $500 million hemp businesses the same way they would any other businesses. In updated rules from the Financial Crimes...

July 02, 2020
Delrahim Sends Letter To Lawmakers Rebutting Former Top Aide’s Testimony

Makan Delrahim, top antitrust official at the Justice Department has pushed back on the testimony his former chief of staff delivered to Congress last week. Makan Delrahim wrote  a letter...

June 25, 2020
Justice Department Document Defends Scrutiny Of Marijuana Mergers

The Justice Department’s misconduct office has found that antitrust prosecutors didn’t violate any rules or regulations by undertaking in-depth reviews of 10 mergers in the cannabis industry at the request...

June 24, 2020
Bill Barr Improperly Targeted Marijuana Mergers Says DOJ Whistleblower

Attorney General Bill Barr isn’t too high on marijuana as a business, so he improperly targeted cannabis company mergers with antitrust investigations, a DOJ whistleblower alleges. Current DOJ employee John...

June 24, 2020
DOJ Whistleblower Cites Trump Tweets As Leading To CA Emissions...

A Department of Justice (DOJ) investigation into California’s efforts to reduce vehicle emissions appeared to be politically motivated, a DOJ whistleblower wrote in testimony to lawmakers that was released Tuesday. John...

May 21, 2020
Today In Payments: Banks Brace For Forbearance Program Expiry Dates;...

In today’s top news, banks brace for the end of their mortgage forbearance program, and Shopify launched a business account for merchants and POS credit system. Plus, bitcoin transferred over...

May 21, 2020
New Stimulus Bill Would Give Cannabis Firms Bank Access

The U.S. government stimulus program has sought – with urgency – to help keep smaller firms across the country hanging on until reopening becomes feasible. In perhaps the most visible...

May 20, 2020
FinTechs Tout Corporate Cards’ Working Capital Opportunity

With corporate card products offering an opportunity for businesses to manage their working capital, service providers have explored new opportunities to promote adoption of the payment tool. Some FinTechs are...

April 30, 2020
The Complicated Picture Of Banking Cannabis SMBs

As the narrative goes, legal cannabis companies, often small- to medium-sized businesses (SMBs), are forced to rely on cash for both B2B and B2C payments. This exposes these SMBs to...