Industry to Crapo: Detach pot banking from public health debate


The pot banking bill is a long shot after recent criticism by the Senate Banking chairman, but bankers are trying a new argument in a last-ditch effort to sway lawmakers.


'Another hysterical voice of doom': Comments of the week


Readers sound off on climate change, the Federal Reserve's incoming real-time payments system, praise efforts for gender pay equity and more.


Private credit bets big on cannabis companies as banks pass


Nonbank lenders Monroe Capital and MGG Investment Group have made a combined $115 million of loans to firms that make cannabidoil and supply products to the cannabis and hemp industries.


'A wolf in sheep's clothing': Comments of the week


Readers react to states investigating payroll advance companies and the GOP's weak response to cannabis banking, heed a warning that nonbanks are prepared for CECL and more.


A way to protect pot lenders: Spotting high energy users


A fintech called NCS Analytics wants to analyze power-use data at cannabis businesses for banks that finance them. It says the information can help expose illegitimate activity.


'Petulant children playing with matches': Comments of the week


Readers react to House lawmakers attempting to overhaul the credit bureaus, express sarcasm to the Senate Banking Committee eyeing cannabis banking, criticize Sen. Elizabeth Warren's plans to overhaul Wall Street and more.


House passes pot banking amendment to spending bill


The House passed a spending bill amendment aimed at providing further clarity to banks looking to provide services to cannabis businesses.


Legalizing pot may be only way to lift cloud over pot banking


Recent legislation zeroes in on letting financial institutions serve cannabis businesses in states where the substance is legal, but banks may stay on the sidelines if the federal ban on pot remains in place.