Colorado Credit Union Goes National to Solve Cannabis Banking Problem

Due to the federal government’s stance on cannabis (schedule I drug), most cannabis business owners operate without access to traditional banking services. A Colorado-based credit union may have the solution. They have created software that allows for secure cannabis banking and are creating a network of financial institutions that are looking to cash in on cannabis banking.
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Investment Funds in Cannabis

Finding funding can be a difficult part of any new venture, but as the cannabis market remains controversial, it can be especially difficult for founders to secure the necessary funding for their cannabis startups. Luckily, as the legal cannabis industry continues to grow, so too have the niche investment opportunities and corresponding investment funds. A multitude of investment groups have emerged that have portfolios for cannabis ancillary companies, direct cannabis products, or even cannabis investment firms that fully specialize in cannabis sector funding. There are new opportunities for those to receiving funding for their cannabis venture. Below we have outlined 10 of the top players in cannabis cash.

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Blockchain in Cannabis

Marijuana is currently classified as a schedule I substance, the same class of heroin making the legal sale of cannabis a federal crime. This loophole creates a system where large commerce stakeholders like banks and credit card companies refuse to collaborate with the cannabis industry. Without conventional partners, many business owners are sidelined and alternatively work in a nearly all cash business. The lack of security and transparency is problematic for regulators and those in the industry. Blockchain technologies, however, create a more open and reliable means of trade.

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