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Stories Tagged as

Marijuana

Senate to consider giving cannabis businesses access to banking

by Nancy Marshall-Genzer
Sep 25, 2023
The Senate Banking Committee hearing this week will consider the question of allowing cannabis business owners to open bank accounts for their companies legally.
It’s currently difficult for cannabis business owners to open bank accounts, even in states where marijuana is legal.
Spencer Platt/Getty Images
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Cannabis businesses are booming. They're also having a hard time getting insurance.

by Henry Epp
Apr 20, 2023
Insuring a store full of a substance that's still illegal under federal law isn't cheap.
Christopher Furlong/Getty Images
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Labor shortage causes employers to back off drug screenings

by Matt Levin
Mar 31, 2022
The percentage of American workers testing positive for drugs is at a 20-year high
A large proportion of positive test results are driven by marijuana positivity, a senior scientist at Quest Diagnostics said.
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Will Congress consider giving marijuana companies access to big banks?

by Nancy Marshall-Genzer
Feb 26, 2021
Pot's illegal at the federal level, so major banks won't provide services. Therefore, vendors can't accept credit or debit cards.
Being shut out by major banks prevents cannabis stores from accepting credit cards and makes leasing space difficult.
David McNew/Getty Images
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Truckers are in short supply. Drug testing doesn't help.

by Sabri Ben-Achour
Jan 4, 2021
Drivers are retiring, while the pandemic and new drug-test data sharing are keeping many from joining the ranks.
Trucks drive past stacked containers at the Port of Los Angeles. The industry is having problems recruiting and retaining enough qualified drivers.
Frederic J. Brown/AFP via Getty Images
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Congress considers allowing banks to accept more marijuana money

by Ben Bradford
Jul 22, 2019
Many marijuana dispensaries “have a mountain of cash” and no place to take it.
A cannabis tour member rolls a joint as the tour group makes a stop to smoke marijuana, on a cannabis tour organized by L.A.-based Green Tours, January 24, 2019 in Los Angeles, California.
ROBYN BECK/AFP/Getty Images
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Canada legalized marijuana, but still less than half of sales are from legal sources

by Ben Bradford
Jun 19, 2019
Canada legalized production, sale and consumption of recreational cannabis last fall, the second nation in the world to do so after Uruguay.
A Canadian flag with a weed leaf on it is waved at a celebration of National Marijuana Day on Parliament Hill in Ottawa, Canada.
Chris Roussakis/AFP/Getty Images
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Canadians in the pot business need to be careful crossing U.S. border

by Quinn Klinefelter
Dec 18, 2018
Crossing to even discuss the U.S. cannabis industry can be considered trafficking.
A woman waves a flag with a marijuana leaf on it next to a group gathered to celebrate National Marijuana Day on Parliament Hill in Ottawa, Canada.
CHRIS ROUSSAKIS/AFP/Getty Images
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California pot delivery businesses face digital disruption

by David Weinberg
Oct 22, 2018
New tech startup shrinks already tight margins for door-to-door marijuana services.
A Los Angeles billboard advertising the marijuana delivery service Eaze.
Mario Tama/Getty Images
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California pot delivery businesses face digital disruption

by David Weinberg
Oct 22, 2018
New tech startup shrinks already tight margins for door-to-door marijuana services.
A Los Angeles billboard advertising the marijuana delivery service Eaze.
Mario Tama/Getty Images
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