Maine’s cPort Credit Union is canceling its medical cannabis caregiver storefront accounts due to a lack of state regulations, WMTW reports. In Maine, caregiver storefronts can legally sell cannabis products to patients, but they are smaller businesses than dispensaries and do not operate within the same licensing structure. Andrew Pettingill, the owner of Portland-based Evergreen […]
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:
