The Internal Revenue Service (IRS) has issued a new memo clarifying the rules for reporting large cash payments between marijuana businesses, which the agency says should not automatically be considered… Continue reading Marijuana Industry Cash Is Not Necessarily ‘Suspicious,’ IRS Says In New Guidance Memo
Category: Cannabis Banking, Finance, and Grants
Illinois Governor Signs Budget Bill With Cannabis Tax Provisions
Illinois Gov. J.B. Pritzker announced June 7 that he signed the state’s fiscal year 2024 budget into law, including a provision that will provide tax relief to Illinois’ licensed cannabis businesses. Both… Continue reading Illinois Governor Signs Budget Bill With Cannabis Tax Provisions
How Curaleaf deal could shape marijuana debt financing
Deal of the Week / In partnership with Viridian Capital Advisors Curaleaf takes marijuana debt financing to new level Curaleaf Holdings (CSE: CURA; OTCQB: CURLF), the world’s largest cannabis company by market cap, announced… Continue reading How Curaleaf deal could shape marijuana debt financing
Marijuana MSO Curaleaf raises record $425 million from 8% debt financing
Marijuana multistate operator Curaleaf Holdings said it has received commitments for a privately placed debt raise of $425 million – the largest yet for a U.S. cannabis company – while securing an… Continue reading Marijuana MSO Curaleaf raises record $425 million from 8% debt financing
Cashless ATMs in marijuana stores might be headed for extinction after Visa warning, experts say
Are the days of the cashless ATM in marijuana stores numbered? Possibly. After credit card giant Visa warned banks and others earlier this month about the misuse of cashless ATMs, several marijuana… Continue reading Cashless ATMs in marijuana stores might be headed for extinction after Visa warning, experts say
New Mexico Approves Public Financing for Licensed Cannabis Microbusinesses
The $5-million program will provide business loans of up to $250,000. “The New Mexico Finance Authority (NMFA) Oversight Committee has approved a loan program to help licensed cannabis microbusinesses succeed—specifically… Continue reading New Mexico Approves Public Financing for Licensed Cannabis Microbusinesses