Is Sen. Elizabeth Warren the answer to helping pot shops pull out of banking mess?

As marijuana shops sprout in states that have legalized the drug, they face a critical stumbling block — lack of access to the kind of routine banking services other businesses take for granted.

U.S. Sen. Elizabeth Warren, a Massachusetts Democrat, is leading an effort to make sure vendors working with legal marijuana businesses, from chemists who test marijuana for harmful substances to firms that provide security, don’t have their banking services taken away. Continue reading “Is Sen. Elizabeth Warren the answer to helping pot shops pull out of banking mess?”

This is how Alaska businesses will have to make marijuana tax payments to the state

With legal cannabis sales underway in Alaska, growers will soon be submitting their first marijuana tax payments to the state. For most businesses, that wouldn’t be a problem: They’d just cut a check. But some banks are leery about dealing with pot businesses since marijuana remains illegal at the federal level. Continue reading “This is how Alaska businesses will have to make marijuana tax payments to the state”