Category Archives: marijuana banking

CIBC compares cannabis to gold rush, predicts ‘beginning of global seismic shift’

The birth of the legal cannabis industry in Canada is akin to the gold rush, but very few cannabis companies will live up to their lofty expectations, according to a new report from one of the country’s largest banks. CIBC World Markets, a subsidiary of the Canadian Imperial Bank of Commerce, made the sobering assessment […]

Feds working on new marijuana banking guidance, Treasury Secretary Mnuchin tells Congress

Published: Feb 15, 2018, 11:29 am • Updated: Feb 15, 2018, 12:00 pm By Alex Pasquariello, The Cannabist Staff Issuing updated marijuana banking guidance is “at the top of the list” for the U.S. Treasury Department, according to Sec. Steve Mnuchin. “I can tell you we’re working on it as we speak,” he told a […]