KIND Financial Partners With Canadian Bank To Deliver ‘Seed To Payment’ Solution

cannatech companies look to solve cannabis cash management challenge

CALIFORNIA: KIND Financial, a leading provider of end-to-end technology and compliance solutions for the cannabis industry, has announced KIND Seed to Payment, billed as “the first complete seed to payment solution,” is now available throughout Canada for all licensed producers, related businesses and the government. KIND Financial’s compliance software now has a fully integrated e-commerce gateway that enables Read the full article…

Big NY Banks Tell Licensed Medical Marijuana Firms To Take a Hike

Some of the major federally regulated banks in New York have no plans to do business with the medical marijuana companies that were awarded licenses to grow and distribute the drug.

That means the banks will not accept deposits from the companies and will not allow bank-issued debit cards to be used to purchase the drug.

“While the use of medical marijuana is legal under applicable state laws in some states, the manufacture, distribution, and use of marijuana is still illegal under federal law," a spokesman for Wells Fargo said. "Our policy of not banking marijuana-related businesses is based on applicable federal laws."

NEW YORK: Some of the major federally regulated banks in New York have no plans to do business with the medical marijuana companies that were awarded licenses to grow and distribute the drug. That means the banks will not accept deposits from the companies and will not allow bank-issued debit cards to be used to purchase the drug. Read the full article…