Cannabis Banking

What Michigan Can Learn from Other States’ Cannabis Laws

2019-06-28T09:38:39-05:00June 28th, 2019|

The cannabis industry has been riding a wave of progressive movement this past week as Illinois and Massachusetts made significant strides in legalizing cannabis, addressing social equity concerns, and normalizing the use of marijuana in public. For almost 8 months, Michigan has been hailed as a beacon of light for the marijuana industry as the [...]

Barton Morris Leads Team in D.C. to Lobby for SAFE Banking Act

2019-06-03T09:19:06-05:00June 3rd, 2019|

The lack of traditional financial services is the biggest problem the cannabis industry faces today. Without the ability to use banks, our annual $12 billion industry relies mostly upon cash transactions, which is a significant safety issue. Without access to institutional capital, the industry relies wholly upon private equity financing which: Eliminates many small business [...]