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FinCEN Reports on Cannabis Banking and the SAFER Act

Veriheal

Every day, hundreds and thousands of people walk into cannabis dispensaries in legal states to purchase cannabis. Many financial institutions seek to be a part of the cannabis banking movement. In the past year, 553 banks and 202 credit unions provided their services to cannabis-related businesses. However, change is coming.

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Study: Cannabis Retailers Associated with Drop in Localized Crime

NORML

The establishment of regulated cannabis retailers is associated with a decrease in localized criminal activity, according to data published in the journal Regional Science and Urban Economics. ” The majority of crime reduction is due to a decrease in non-violent criminal activity.

Retail 196
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How Inflation is Affecting Cannabis: Prices, Closures, and the Job Market

Veriheal

Profits Drive Prices, Prices Drive Consumer Decisions Once competition and a surplus have been created, it still doesnt mean that dispensaries are lowering prices for customers in certain states anytime soonprofits being the main driving force. Oversight and Insurance Access to banking isnt the only thing affecting cannabis business profits.

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Study Looks at Psychedelics’ Belief-Altering Powers, Minnesota Inches Toward Rec. Cannabis, and Montana’s Cannabis Banking Bill

Veriheal

A study looked at the link between psychedelics and spirituality, Minnesota is closing in on recreational cannabis, and Montana is looking to make cannabis banking easy. Researchers looked at data from 2,374 psychedelics users who reported having “belief-changing” trips. Let’s dive into this week’s canna-news.

Banking 98
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RocketFuel Introduces Crypto Payment Solution for Cannabis Dispensaries and Merchants

Cannabis Law Report

Due to laws at the Federal level restricting the presence of banks within the cannabis sector, merchants and businesses have long struggled to offer convenient payment mechanisms to their shoppers – many of whom are used to paying online but often can’t when it’s a cannabis store. SOURCE RocketFuel Blockchain Inc.

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RocketFuel Introduces Crypto Payment Solution for Cannabis Dispensaries and Merchants

Cannabis Law Report

RocketFuel (OTC: RKFL) (“RocketFuel” or the “Company”), a global provider of one-click online payment options using Bitcoin and 50+ other cryptocurrencies, today announced that it will be making its payment solution available to be used by licensed cannabis dispensaries and merchants.

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Cannabis and banking vets launch credit card for dispensaries

Cannabis Law Report

Since the United States classifies cannabis as a Title IV drug, the banking industry is unwilling and unable to provide services to cannabis operations. That leaves dispensaries managing and protecting massive sums of cash, and the stores cannot offer a modern retail payment system to the consumer. SuperNet has a solution.

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