Banking, Finance & Real Estate Archives - Cannabis Business Executive - Cannabis and Marijuana industry news

Cannabis Rescheduling Will Boost Creditworthiness, But Compliance Will Remain Key

December 7, 2024
John Foley
Banking, Finance & Real Estate, Descheduling or Rescheduling Marijuana, Op-Ed, Opinions
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By John Foley As the cannabis industry awaits the potential rescheduling of cannabis from Schedule I to Schedule III under the Controlled Substances Act, operators and financial institutions alike are preparing for significant changes. While this shift promises to enhance…

Attention, Canna Companies! CTA Filing Deadline this Month

By Vince Sliwoski, Managing Partner Harris Sliwoski For anyone that has not yet met their Corporate Transparency Act (CTA) filing requirements, now is the time! The deadline for entities created or registered before January 1, 2024, is less than a…

What Makes Cannabis Banking Programs Unique and Stand Out from Others

September 12, 2024
Paul Dunford
Banking, Finance & Real Estate, Social Equity
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By Paul Dunford Considering there is no other industry today where a business can be engaged in activities that are simultaneously prohibited under federal law but sanctioned by the state, banking cannabis (marijuana specifically) is inherently unique. Through FinCEN’s 2014…

The State of Rescheduling: Where Does It Stand?

September 3, 2024
Dave McManus
Accounting, Banking, Finance & Real Estate
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The public commentary period on cannabis rescheduling has ended, marking a key turning point in the ongoing debate over cannabis regulation. On July 22, the commentary period officially closed, with more than 43,000 comments submitted. The overwhelming majority of comments…

Is Selling to An ESOP Beneficial For All Types of Cannabis Businesses or Just Some?

August 27, 2024
Darren Gleeman
Banking, Finance & Real Estate, News & Insights
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By: Darren Gleeman, Managing Partner of MBO Ventures An Employee Stock Ownership Plan (ESOP) is ultimately a way for business owners to sell their company. Typically, there are three options for selling a business: to a private equity firm, to…

A Guide to Leasing to California Cannabis Tenants

August 5, 2024
AggregatedNews
Banking, Finance & Real Estate, California
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By Griffen Thorne, Attorney at Harris Sliwoski Leasing commercial real estate to a cannabis business in California can be a great opportunity for the right lessor, but it comes with significant risks. It’s important for lessors to understand these risks…

House GOP strips language aimed at protecting banks from cannabis crackdowns

House Republicans nixed text aimed at protecting banks from cannabis crackdowns from a government funding bill after blowback from fellow GOP lawmakers. The measure was included in the party’s initial version of its annual financial services and general government bill,…

A New Angle on Cannabis Banking Protections

by Vince Sliwoski, Managing Partner of Harris Sliwoski Sometimes I’ll write about cannabis banking when I’m working on a project for a bank or credit union, but newsworthy developments on cannabis banking seldom seem to drop. Yesterday, however, we had…

Building and Running a Successful Cannabis Banking Program

By: Paul Dunford, Co-Founder & VP of Knowledge at Green Check As the cannabis industry continues to grow, financial institutions are increasingly exploring opportunities to bank cannabis-related businesses (CRBs). Engaging with the industry offers opportunities for growth, but with that…

Navigating the Complexities of Cannabis Capital

May 1, 2024
Sundie Seefried
Banking, Finance & Real Estate, Op-Ed, Opinions
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By Sundie Seefried Navigating the complexities of cannabis capital remains a daunting task for entrepreneurs amidst the rapid growth and increasing acceptance of the industry. Despite its expansion, businesses encounter significant hurdles in accessing traditional sources of capital due to…

A CanPay Path to Payment

April 30, 2024
Tom Hymes
Banking, Finance & Real Estate, Company Stories, Processing, Spotlight
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Easy electronic payment is always the goal for any consumer-facing industry, and it is especially needed in ones where cash has been the principal form of currency for both illicit and legal sales, like cannabis. But because it is still…

Yellen would welcome US legislation to aid cannabis banking access

U.S. Treasury Secretary Janet Yellen said on Thursday she would welcome legislation that would rectify the conflict between federal and state laws on the sale and use of marijuana that is preventing cannabis firms from accessing the banking system. Asked…

Debunking Employee Stock Ownership Plan Myths & Fears for the Cannabis Industry

By: Darren Gleeman, Managing Partner of MBO Ventures An ESOP is a way to transfer ownership of a company, letting employees become the owners instead of selling to outside investors or competitors. Here's the basic idea: the company borrows money…

The immediate impact of 280E on price multiples of cannabis companies: Part IV [1][2]

February 28, 2024
Lane Bruns
Banking, Finance & Real Estate, Cannabis Investments
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By Lane Bruns, CEO of ICANIVEST PART IV: EV/EBITDA Multiple = Enterprise Value(enterprise) /Earnings before Interest Taxes Depreciation and Amortization (enterprise) Recall that the removal of 280E means cannabis companies stop paying taxes on gross margins and start paying taxes…

The immediate impact of 280E on price multiples of cannabis companies: Part III [1][2]

February 27, 2024
Lane Bruns
Banking, Finance & Real Estate, Cannabis Investments
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By Lane Bruns, CEO of ICANIVEST PART III: Price/Earning Multiple = Market Cap (equity)/ Earnings (equity) Recall that the removal of 280E means cannabis companies stop paying taxes on gross margins and start paying taxes on net income, effectively reducing…

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