The New York cannabis brand Silly Nice said Squarespace has suspended all payments for its online merchandise store, despite none of the products containing any cannabis, stupidDOPE reports. Silly Nice is a state-licensed operator specializing in small-batch, craft cannabis products. The veteran- and Black-owned company’s products frequently sell out, according to its website, and the […]
Cannabis banking remains a huge challenge for legal cannabis business owners. Since banking is a federally regulated market, banks and lenders are not able to easily work with cannabis brands. The high cash intake of the cannabis industry combined with the lack of banking establishment can put businesses in a dangerous position. Read about banking regulations, policies, and more in this category:
