Marijuana industry

Pot banking rules grow hazier during pandemic


Bankers have become more uncertain about how to serve marijuana businesses owing to confusion about which states deem them essential.


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.


Crapo's buzzkill, CFPB fair lending, Waters targets Wells: Top stories of the week


Sen. Mike Crapo delivers a crushing blow to pot banking efforts; the CFPB draws notice for its lack of fair lending enforcement; Rep. Maxine Waters says she will call on Wells Fargo board to testify next year; and more from this week's most-read stories.


Pot banking backers stand firm in face of Crapo’s opposition


After Senate Banking Committee Chairman Mike Crapo poured cold water on legislation enabling banks and credit unions to serve the marijuana industry, several key supporters of the effort are pushing back.


Crapo delivers crushing blow to pot banking


The Senate Banking Committee chairman said he opposed a House bill that would give financial institutions legal cover to serve cannabis businesses.


Fannie, Freddie can keep profits; CBD firm seeks national bank


Building capital will help the mortgage agencies move toward the private sector; Virtual Wellness needs to assure banks it's safe to do business with them.


Hemp protections added to House pot banking bill


Protections for industrial hemp were added to a cannabis banking bill that is expected to get a full House vote next week.


How serious is Crapo about getting pot banking bill across finish line?


The Banking Committee chairman's comments have advanced legislative efforts, but questions remain about where he'll take the issue.


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.


Is a hearing on pot banking as far as GOP will go?


Despite the Senate Banking Committee’s willingness to discuss the issue, Republican support for legislation is still in question.