Marijuana

Colorado’s Marijuana Industry Tops $6B
Colorado’s Marijuana Industry Tops $6B
February 13, 2019  |  Retail

The Colorado Department of Revenue has revealed that the state’s regulated marijuana industry sales have topped $6 billion since sales began in 2014. In addition, taxes...

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New Mexico Lawsuit Sparks Marijuana Business Tax Debate
New Mexico Lawsuit Sparks Marijuana Business Tax Debate
January 29, 2019  |  B2B Payments

Paying business taxes is a key source of friction for many legal marijuana companies in the nation, particularly for companies that operate on a cash-only...

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Legal Canadian Marijuana Sales Top $40M In First Month
Legal Canadian Marijuana Sales Top $40M In First Month
January 23, 2019  |  Retail

One month after Canada legalized marijuana for everyone in the country, Canadians spent C$54 million ($41 million) on the product, according to a report in...

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Fizzle Of The Week: The Cannabis Payments Conundrum
Fizzle Of The Week: The Cannabis Payments Conundrum
November 16, 2018  |  Sizzle/Fizzle

While the legalization of marijuana is a contentious political topic, a fact that is not contentious is that in the 33 U.S. states (and the District...

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Cannabis Cos’ $4.7B In Cash-Based Taxes Overwhelm IRS
Cannabis Cos’ $4.7B In Cash-Based Taxes Overwhelm IRS
November 15, 2018  |  Taxes

The Internal Revenue Service (IRS) is paying $1.7 million to a Virginia company to handle “large cash payments for processing cannabis federal taxes.” According to Quartz,...

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Leafbuyer Technologies Buys Greenlight Technologies To Expand Its Cannabis Markets
Leafbuyer Technologies Buys Greenlight Technologies To Expand Its Cannabis Markets
November 08, 2018  |  Partnerships / Acquisitions

Leafbuyer Technologies, the cannabis technology company, announced Thursday (November 8) it has acquired Greenlight Technologies, a California-based application development company. In a press release, Leafbuyer...

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Cannabis Logistics Finds Opportunity In Uncharted Territory: WAYV
Cannabis Logistics Finds Opportunity In Uncharted Territory: WAYV
November 01, 2018  |  B2B Payments

FinTech innovation is often a layered process, taking existing infrastructures and processes, and developing new tools to improve upon them. In the rare instance that...

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WAYV Lands Seed Funding For Cannabis B2B Procurement Platform
WAYV Lands Seed Funding For Cannabis B2B Procurement Platform
October 31, 2018  |  B2B Payments

With cannabis legalization expanding around the globe, marijuana-targeting FinTech startups are a growing breed, too. The latest to secure venture capital is WAYV, a procurement...

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Credit Union Helps US Marijuana Businesses Put Down Roots
Credit Union Helps US Marijuana Businesses Put Down Roots
October 18, 2018  |  Credit Unions

With a growing number of states giving recreational marijuana the green light, legal marijuana businesses, which typically operate using cash, struggle to access basic banking...

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