Cashing In On Cannabis: CannaCon’s Banking Panel

PCH invests in real estate fund for WA cannabis industry

By Sahar Ayinehsazian Since Washington state legalized recreational marijuana in 2014, recreational cannabis sales have totaled over $1 billion, translating to more than $250 million collected in new taxes. Such substantial sales, however, have also brought problems for licensees in the form of cash. Because of marijuana’s federal status as a Schedule I substance, financial institutions continue to Read the full article…

Washington Legal Pot Prices Fall To Under $10 In July

#HB 2136 allows local jurisdictions to share marijuana tax revenues to encourage more cities and counties to allow marijuana businesses.

WASHINGTON: The price of legal marijuana at Washington’s legal recreational pot shops has fallen to an historic low of under $10 per gram of flower. Industry insiders place the cause squarely on the state’s newly rejiggered marijuana laws. Consumers and retailers are happy with the new low price points; while many producer/processors are struggling to differentiate. Read the full article…

The PayPal Of Recreational Pot: Startup Aims To Eliminate Cash From Washington State Marijuana business

Everyone uses cash because banks, which are federally regulated, aren't keen on the idea of getting into business in an industry that is still federally illegal.

WASHINGTON: Recreational marijuana may be legal in Washington state, but in many ways, it’s still a risky business. The biggest risk is that nearly all transactions happen with cash. And not just customers buying marijuana, but much bigger transactions when retailers buy from the producers that actually grow the pot. Everyone uses cash because banks, which Read the full article…

I-502 Compliant Banking & Merchant Services Is Monday, June 29th In Bellevue, WA

WASHINGTON: If you have anything to do with banking or merchant services for Washington’s legal cannabis industry, you’ll want to make sure to attend the Marijuana Business Association’s Professional Education Seminar on I-502 Compliant Banking & Merchant Services, Monday, June 29th, 2015 1:00-4:30PM a the Red Lion Hotel, 11211 Main St. Bellevue, WA 98004. Featuring an impressive Read the full article…

Spokane’s First Cannabis Job Fair Draws Huge Crowds

Nearly 900 eager job seekers came to the first Spokane Cannabis Job Fair on 6/20 at the Spokane Convention Center

WASHINGTON: Nearly 900 eager job seekers turned out for Spokane’s first ever cannabis job fair this past weekend, many of them lining up as early as 7:30 to drop their resumes off and meet some of eastern Washington’s leading cannabis industry employers. Organized by the Marijuana Business Association, and presented by Washington NORML and the Read the full article…