marijuana Archives - CFO

House OKs Bill to Make Weed Banking Legal

Risk & Compliance

House OKs Bill to Make Weed Banking Legal

The law is "an important step" toward allowing banks to serve legal cannabis and cannabis-related businesses.

By Matthew Heller | April 20, 2021

How Cannabis Cultivator Grassroots Upped Its Digital Game When States Shut Down

How Cannabis Cultivator Grassroots Upped Its Digital Game When States Shut Down

Grassroots had to pivot almost overnight when shelter-in-place mandates were ordered.

By Vincent Ryan | May 20, 2020

MedMen to Lay off 190 Workers in Profit Push

MedMen to Lay off 190 Workers in Profit Push

“We have a clear plan to increase our market share, while at the same time enhancing our margins and reducing our corporate overhead."

By Matthew Heller | November 18, 2019

Global Cannabis Sales Could Hit $15B This Year

Global Cannabis Sales Could Hit $15B This Year

The surge of CBD products combined with Canada's recent legalization of marijuana helped the industry's growth.

By Lauren Muskett | June 20, 2019

Pot Entrepreneur Fined $12M in Fraud Case

Risk & Compliance

Pot Entrepreneur Fined $12M in Fraud Case

Vincent Mehdizadeh allegedly used the proceeds from illegal stock sales to inflate the revenue of his marijuana vending machine company.

By Matthew Heller | March 10, 2017

Marijuana Firm Charged With $12M Stock Scam

Risk & Compliance

Marijuana Firm Charged With $12M Stock Scam

The SEC says the CEO of Fusion Pharm and his brother-in-law recorded the proceeds of illegal stock sales as revenue for the company.

By Matthew Heller | September 19, 2016

Banking, Tax Regs Eat Into Marijuana Profits

Banking, Tax Regs Eat Into Marijuana Profits

The legal cannabis sector is experiencing geometric revenue growth, but finance execs face formidable challenges managing the money.

By Ed Zwirn | August 19, 2016

Pot Bank Loses Legal Battle With Fed

Risk & Compliance

Pot Bank Loses Legal Battle With Fed

Colorado court backs the Federal Reserve's denial of credit union's application to serve marijuana businesses.

By Matthew Heller | January 7, 2016

Are Banks Gouging Marijuana and Bitcoin Businesses?

Risk Management

Are Banks Gouging Marijuana and Bitcoin Businesses?

"Banks are looking at all the risk factors and saying, ‘I have more on the line to bank this industry and we're going to bill them more,'" says one expert.

By Katie Kuehner-Hebert | April 13, 2015

SEC Suspends Fifth Pot Industry Microcap

SEC Suspends Fifth Pot Industry Microcap

Fraudsters “often exploit the latest growth industry to lure investors with the promise of high returns,” the Securities and Exchange Commission warns.

By David Katz | May 16, 2014

The Bud Starts Here

Growth Companies

The Bud Starts Here

The banking industry has been holding out on offering lines of credit and loans to marijuana retailers in Colorado. But that may soon change.

By Alissa Ponchione | January 27, 2014