Crypto isn’t the only edgy new industry being roiled by the collapse of several banks. US companies that deal directly with cannabis, a federally illegal substance, are already shut out of large banks. So these companies have increasingly found support …
Tucked away off a narrow country road in Clark County, Kentucky, in the middle of a farm, 27 acres of hemp grew all summer. Now, the plants will be harvested and processed. Kentucky, hailed as a leader by industrial hemp …
Lloyd’s of London has stopped insuring marijuana industry firms of any kind due to conflicts between federal and state laws over their legality. In a May 29 memo addressed “Dear Colleague,” obtained by Insurance Journal, Lloyd’s Director of Performance Management …
The U.S. government has opened a new line of business for America’s biggest banks, and for once they don’t want it. Little wonder: it’s cash from legalized marijuana. The financial-crimes arm of the Treasury Department is making it easier to …
