Tag: Finance

Cannabis Banking Measure Blocked by Republicans

Republican congressional leaders are blocking a measure to allow marijuana businesses to deposit their profits in banks. Most financial institutions are¬†hesitant to serve cannabis businesses that are legal in a growing number of states because of ongoing federal prohibition and the associated risk of running afoul of money laundering and drug laws. As a result, […]

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Hedge Fund Big Kahuna Says Marijuana Stocks Ready To Pop

As the marijuana industry grows in Portland, business is afoot. The recent acquisition of Chalice Farms by Golden may be the first in a coming wave of industry consolidation as larger and better-financed operations buy out struggling rivals. But though we’re accustomed to thinking of marijuana investment in a very concrete, brick-and-mortar type of way, […]

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