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A New FinCEN Report Shows a Decline in Banks Working With Cannabis Businesses

Veriheal

COVID-19 has affected the relationships being cultivated between cannabis businesses and banks. Banks love the green, they love businesses that grow and continue to bring in more green UNLESS that green has anything to do with a plant called cannabis. The Pandemic Plays a Bigger Part Between Banks and Cannabis Businesses.

Banking 52
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Indoor and Greenhouse Cannabis Cultivators Reveal Results of LED Retrofits

SpeedWeed

Dan Banks, the vice president of cultivation for Lightshade, says he analyzed the total amount of illumination needed at the company’s 20,000-square-foot greenhouse facility and determined that the 336 supplemental HPS lights in the space did not provide enough luminosity. It’s more bang for your energy buck. That was big for us.”.

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How to join boom in cannabis business

Cannabis Chronicles

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. People often want to run a dispensary or set up a cultivation center and I ask, ‘Well, have you ever done retail? DO WHAT YOU KNOW.

Business 100
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In Massachusetts, Cannabis Cultivation Workers Can Unionize

Veriheal

But there are a few data points that we can isolate that are highly telling. While retail cannabis employees typically have good experiences, cultivation workers such as trimmers might experience something completely different. The post In Massachusetts, Cannabis Cultivation Workers Can Unionize appeared first on Cannabis Central.

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Illinois publishes Disparity and Availability Study

Illinois News Joint

According to the report, compared to White men, racial and/or ethnic minorities and women are less likely to be business owners and have less access to capital through either hourly wages or bank loans. Black loan applicants face higher bank loan denial rates. Black, Hispanic, additional raced26, and women workers have lower wages.

Data 105
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Saint Vincent and the Grenadines Looking For Foreign Investment Into Medical Cannabis

Cannabis Law Report

million projected after the legalization of cannabis cultivation and sales for medicinal purposes in December 2018. This extends to banks, such as those in the Caribbean, that, as a result of their correspondent banking relationships with the US, are restricted when it comes to cannabis. Only US $2.2 Only US $2.2

Banking 59
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Pennsylvania’s Medical Cannabis Legislation Was Recently Amended

Veriheal

They make a good point, considering the fact that the legislation invites hemp cultivators to participate in the state’s supply chain. The amendment stipulated that cultivation would need to be conducted in an enclosed and secure space and patients would be mandated to ensure that plants would be kept out of reach of minors. .