Marijuana

Colorado Smokes Up $120M In Cannabis Sales In November
Colorado Smokes Up $120M In Cannabis Sales In November
January 12, 2018  |  Regulation

Consumer interest in cannabis continues to rise in Colorado, where marijuana shops saw an increase of nearly 10 percent in sales between 2016 and 2017,...

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More FIs Warm Up To Servicing Cannabis Industry
More FIs Warm Up To Servicing Cannabis Industry
January 03, 2018  |  B2B Payments

Analysis of new federal data suggests more U.S. banks are warming to the possibility of servicing marijuana businesses in states where the drug is legalized,...

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Compliance, Cash And Cannabis’ Complicated California Future
Compliance, Cash And Cannabis’ Complicated California Future
January 03, 2018  |  Retail

New Year’s Day 2018 was met by biting cold temperatures across most of the U.S., a Mariah Carey comeback in Times Square and the state...

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Cannabis Science Banks On Blockchain To Solve Industry’s FinServ Problem
Cannabis Science Banks On Blockchain To Solve Industry’s FinServ Problem
December 29, 2017  |  B2B Payments

While legal marijuana made inroads in several states this year, federal criminalization of the drug means businesses that operate in the industry cannot access financial...

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Today In Data: Blockchain Savings, Payroll Solutions And Real-Time Paydays
Today In Data: Blockchain Savings, Payroll Solutions And Real-Time Paydays
December 20, 2017  |  Today In Data

Today in PYMNTS’ data, the cash-dominated pot industry is still unable to access other financial tools, blockchain could save governments billions, payroll solutions are helping...

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CanPay: Solving Pot’s Payments Problem
CanPay: Solving Pot’s Payments Problem
December 20, 2017  |  Matchmakers

  Pot has a payments problem. Cannabis’ status as a schedule-one narcotic means the federally chartered banks, the card networks and the traditional payments ecosystem have...

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Walmart Pulls Cannabis Christmas Tree From Website
Walmart Pulls Cannabis Christmas Tree From Website
December 18, 2017  |  Retail

Walmart was briefly helping shoppers deck the halls in an rather unusual way this year — with a $250 “weed leaf” artificial Christmas tree. Yes, for...

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California Eyes State-Backed Bank For Marijuana Businesses
California Eyes State-Backed Bank For Marijuana Businesses
November 09, 2017  |  B2B Payments

California is just weeks away from legal recreational marijuana laws coming into effect. But, as with other states that have legalized recreational and medicinal marijuana...

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Credit Union Pitches Fed On Pot Payments Solution
Credit Union Pitches Fed On Pot Payments Solution
October 18, 2017  |  Payment Methods

Denver-based, state-chartered Fourth Corner Credit Union has asked the Federal Reserve Bank of Kansas City for a master account to help social groups pushing for...

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