This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Simplifya Market Guide Now Available to Shield Compliance Customers; Platform Provides Banks and Credit Unions with Real-Time, Comprehensive Regulatory Information for All 50 States (DENVER) February 8, 2023 – Simplifya, the leading regulatory and operational compliance software platform serving the cannabis industry, announced the availability of (..)
Shield Compliance is a comprehensive compliance management platform for banking cannabis-related businesses. The company’s focus is on transforming the way cannabis banks and legal marijuana financial institutions manage risk, comply with regulations, and satisfy operational demands across the United States.
The alliance showcases the strengths of both organizations: Shield Compliance offers a purpose-built AML/BSA compliance management software solution that enables financial institutions to unlock new revenue and scale cannabis banking operations. POSaBIT puts compliance at the center of everything it does. About POSaBIT.
Abrigo, the leader of compliance, credit risk, and lending solutions for financial institutions, today announced its partnership with Green Check Verified (GCV), the top provider of cannabis banking solutions for financial institutions.
Many legal cannabis suppliers and retailers are being forced to operate in a cash-intensive market due to federal laws that limit access to traditional banking. Banks face four significant challenges when servicing the cannabis industry, according to a California state-backed report. It starts with connecting the dots.
The SAFE Banking Act is back in Congress, and political momentum is swinging in favor of the cannabis industry’s need to normalize its relations with financial institutions. Here, we spoke with Safe Harbor Services Vice President Amanda McComb about some of the recent trends and changes that she’s seen in banking the cannabis industry.
billion in the United States in 2018, and the number of “plant-touching” jobs is expected to pass 500,000 by 2022, according to New Frontier Data, a cannabis market research and data analysis firm. That means business owners like Ivan and Anne Wood have to take extra precautions to make sure they’re in compliance.
Treasurer Tyler Klimas, Executive Director of the Nevada Cannabis Compliance Board, At-large board member Steve Marks, Executive Director of the Oregon Liquor and Cannabis Board. Public Health and Data Monitoring. Banking, Finance, and Taxation. Social and Economic Equity. Medical Use and Research. Public Education.
One of the panelists is addressing the deficiencies in the supply chain and provides a “white label” facility for growing, developing new products, and analyzing technical data, among other services. Another panelists runs a full service creative and compliance agency for the cannabis industry.
banks are skittish about dealing with the marijuana industry. banks are concerned about federal prosecution, banks in Uruguay fear international sanctions – something arguably much worse. Also, much like in the U.S., But while U.S. Still, businesses found ways to make the best of the situation.
Calls by investors for ESG data are growing louder. Meanwhile, the cannabis industry is largely supported by these same Millennials. According to Flowhub , in 2020, nearly half of all cannabis customers were Millennials, with Gen Z overtaking Boomers and imminently poised to surpass Gen X in short order.
Top Federal Financial Regulator Slams Congress Over Marijuana Inaction And Calls For Interagency Banking Workgroup. Hood Remarks at the PBC Conference 2021: Payments, Banking, Compliance in the Cannabis Industry. Here’s his full presentation. September 2021. NCUA Board Member Rodney E. Board Member Rodney E.
20, 2022 /PRNewswire/ — Dama Financial (“Dama”), the nation’s largest provider of access to banking and payment solutions for the cannabis industry, has entered into an agreement to acquire GrowFlow Corp. (“GrowFlow”), whose business management and compliance tools have processed more than $3.3
The SAFE Banking Act is back in Congress, and political momentum is swinging in favor of the cannabis industry’s need to normalize its relations with financial institutions. Here, we spoke with Safe Harbor Services Vice President Amanda McComb about some of the recent trends and changes that she’s seen in banking the cannabis industry.
Leaf Data Systems Update. WSLCB Enforcement officers will begin working with marijuana retailers to educate staff, check for violations, and take appropriate action to gain compliance. Licenses may apply for a payment waiver if they are able to show good cause by demonstrating they are: In the process of getting a bank account.
Green Check Verified is a leading provider of cannabis banking solutions and expert advisory services for financial institutions. In terms of the gap between perception and reality, Kevin explains that the data his team can access in the Cannabiz Media License Database provides necessary context – particularly for financial institutions.
Regional economic impact studies provide policymakers, businesses, and community stakeholders with valuable data to inform decision-making, allocate resources, and maximize the positive outcomes associated with the medical marijuana industry’s presence in their respective regions.
– Integrated solution provides a single platform for compliance with vaccination status tracking and weekly testing requirements – STONY BROOK, N.Y. & By providing both vaccine status management and weekly COVID-19 testing, the integrated platform offers a single solution for compliance with the ETS.
With full appreciation of current banking and legal requirements, The Collective is designed to allow us to eventually participate directly in a larger marketplace as the legal environment changes over time.”. The strategic investment in RIV Capital is in the form of a six-year convertible note.
In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Kevin Hart, CEO and Founder of Green Check Verified , a leading provider of cannabis banking solutions and expert advisory services for financial institutions. And that became the data business process puzzle we sat up out to solve. Experience.
The agency is called the California Cannabis Authority [yet another “CCA”] and here is the short version: The California Cannabis Authority is a Joint Powers Authority established by county governments to develop and manage a statewide data platform. The CCA’s By-Laws can be found here. CCA currently has six member counties.
The SAFE Banking Act is back in Congress, and political momentum is swinging in favor of the cannabis industry’s need to normalize its relations with financial institutions. Here, we spoke with Safe Harbor Services Vice President Amanda McComb about some of the recent trends and changes that she’s seen in banking the cannabis industry.
TAXMAP will be co-funded by the UK’s innovation agency, Innovate UK, in supplying a real-time tax and audit compliance solution for vice and e-commerce companies. Keeping track of invoices and tax compliance is more complicated than ever and there are no excise and tax solutions available for established and expanding cross border companies.
And recent data released by the USDA on the value of national hemp production in 2021 reveals that, despite challenges across the country, hemp remains a viable and valuable domestic crop. The USDA is keenly aware of the need for more data from the industry to develop more specific, data-driven policies in the future.
billion industry in 2021, according to cannabis data analytics firm BDSA, with an additional $47.8 Also, understanding the regulatory and compliance framework in your cannabis clients’ states will go a long way toward mitigating your own risk, she said. The legal cannabis, or marijuana, marketplace represents a projected $21.7
The more thorough your business plan is (ie, the more data you have) the easier it’ll be to fund your dispensary. Your business plan should address key considerations such as funding, marketing, competition, legal compliance, and other essential components of running your business. Credit Card Processing and Banking.
Things like access to loans, daily banking and online payments are off-limits because of the skittish financial industry. When that time comes, a lot of businesses will need to watch their compliance. Interestingly, European CBD producers encounter the same issues faced by American marijuana companies.
And we are so curious to learn more about their HR background, but as always, we’re going to jump in with Ed and see what he has for us today from the data vaults. I’m not sure if they came out of a specific area, but we can dig deeper into the data vault and see if we can find that out. This is a great idea, talk to our bank.
It has also recently began flexing extra-territoriality muscles in regards to data regulation, positioning itself as a world police of consumer data, to the chagrin of Silicon Valley’s luminaries. It has long kicked back against trends emerging from the US in financial and other markets, not least since the 2008 financial crisis.
In Canada, the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) applies to a prescribed set of entities, including among others, banks, credit unions, life insurance companies, securities dealers and money services businesses. In the U.S., licensing and permit information relating to all levels of government.
Proof of licensure with the applicable local government authority or a letter from the applicable local governmental authority certifying that the proposed medical marijuana establishment is in compliance with those restrictions and satisfies all applicable building requirements. 1] [link] ; [link] ; [link] ; [link] ; [link] ; [link]. [2]
In the latest episode of the Cannacurio Podcast from Cannabiz Media, my co-host, Amanda Guerrero, and I discuss the data and insights found in Cannabiz Media’s Cannabis Software Stack Report. Announcer : This is the Cannacurio Podcast by Cannabiz Media, your source for cannabis and hemp license updates directly from the data vault.
So far, the city has awarded 172 business licenses to qualified applicants, according to data from Oakland’s Cannabis Regulatory Commission. s social equity program would provide them with a new legal marijuana store to run – only to find themselves waiting on the city as their bank accounts dwindled. Oakland’s successes.
Based on the Associations of Towns of New York’s current data , only 9 percent of villages and towns have chosen to opt out of legal cannabis dispensaries and the retail sale of cannabis in their townships. Nevada Cannabis Compliance Board Takes Action for Tax Payment Failures. Local municipalities in New York have until Dec.
Yet these companies are building businesses in a tough market plagued by myriad challenges, from banking prohibitions to ever-changing regulations. Cultivators and brands can use this barcode to upload and access test results and compliance certifications. Cannabis companies face unprecedented headwinds.
Announcer : This is the Cannacurio Podcast by Cannabiz Media, your source for cannabis and hemp license updates directly from the data vault. Don’t forget to subscribe to the Cannabiz Media newsletter and follow us on LinkedIn, Instagram, Twitter and Facebook to stay informed of future episodes and data releases.
For those shareholders of Supreme whose Supreme Shares are registered in the name of a broker, investment dealer, bank, trust company, trust or other intermediary or nominee, they should contact such nominee for assistance in depositing their Supreme Shares and should follow the instructions of such intermediary or nominee.
We also discuss why advocates have a problem with the SAFE Banking Act, the impediments to wide-spread legalization and the best ways for companies to navigate regulations. The SAFE Banking Act that passed yesterday, what are your thoughts on all of that? So, I’ll use the SAFE Banking Act. Okay, of past records.
The Farm Bill also removes major hurdles impeding hemp cultivators’ ability to run successful, profitable businesses including accessing insurance and banking, finding adequate harvesting equipment and processors, and moving hemp biomass or finished products between states. Beyond removing plant cannabis sativa L. Budgeted at $6.1
For example, there are many banks that won’t open accounts and most brokerage firms won’t trade cannabis stocks. We expect to only see more data and personalization to take off in the space. What were some of the biggest differences you noticed right away when entering the cannabis industry?
In the latest episode of the Cannacurio Podcast from Cannabiz Media, my co-host, Amanda Guerrero, and I discuss international licenses in Columbia and Canada as well as new point-of-sale and CRM data being added to the Cannabiz Media License Database. We’ve got a great show for you guys today with some very interesting data highlights.
From July 2017 to June 2018, the state saw $529,851,245 in taxable medical and adult-use cannabis sales, a figure that has steadily increased to $719,216,651 during the current fiscal year, which includes sales data from July 2020 to March 2021, according to the Nevada Department of Taxation. They’re looking for convenience.”.
We organize all of the trending information in your field so you don't have to. Join 14,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content