About Brian Ellis

With 6 years' experience in business journalism, Brian is the person we turn to for anything related to the business of cannabis. His news coverage spans topics including marijuana business and finance. Brian's work features on themarijuanapages.com, marijuanareferral.com, , marijuanamerchantaccount.com and marijuanainsuranceagent.com.
  • Cory Gardner States Act

Sen. Cory Gardner Fails To Bring Banking To State-Legal Marijuana Businesses

The latest push for lifting the federal prohibition of cannabis and paving the way for cannabis business banking services has failed, but the senator behind the measure isn’t backing down. U.S. Sen. Cory Gardner, R-Colorado, has spent nearly a year pushing for the passage of the STATES Act that would give federal permission to the

By |January 9th, 2019|
  • IRS help marijuana money

IRS Is Struggling With Cannabis Companies’ Cash Tax Payments

Who knew cash could be so expensive? The IRS recently paid a consulting company $1.7 million to help process the billions of dollars in taxes that cannabis businesses were paying … in cash. Most businesses write a check when they pay taxes, but federal prohibition continues to prevent many cannabis businesses from getting back accounts.

By |December 24th, 2018|
  • Banks Ware Financing Marijuana Companies

Banks Wary Of Financing Marijuana Companies

Billions of dollars flow through the legal cannabis industry every year, much of it cash by necessity, and financial institutions and Wall Street want in. In the U.S., the fear of regulations and reputational damage is continuing to keep many investors out of this market. But that isn’t the case everywhere. Over 30 states have

By |December 9th, 2018|
  • Ama surveys banks cannabis

Banking Group Surveys Members To Highlight Need For Legal Clarity On Marijuana Banking

The American Bankers Association (ABA) is reaching out to its members to learn more about their operational struggles working with the cannabis-related industries across the U.S. Over 30 states in the U.S. have legalized medical or adult-use cannabis in their borders, and the last several election cycles have seen a few more make that decision

By |November 24th, 2018|
  • how to get a cannabis bank account

Cannabis Banking: The Best Way To Get A Bank Account

Getting a bank account as a cannabis company has remained difficult with federal prohibition still in place, even as more states open the doors for medical and adult-use cannabis. But if you’re in the right state (and willing to go through the paperwork), opening an account is absolutely possible. The key is complete transparency, which

By |November 9th, 2018|
  • bank problems marijuana businesses

More Banking Hurdles for California’s Cannabis Industry

Two steps forward, one step back: That continues to be the story for cannabis banking in California. State legislators keep talking loudly about creating a state-licensed bank to service the cannabis industry, but no bill has yet made it through the long process to become official. The latest attempt was from Sen. Bob Hertzberg of

By |October 24th, 2018|
  • Hypur Marijuana Banking Compliance

Innovative Service Hypur Makes Banks Trust Working with Cannabis Businesses

"CASH ONLY."  That’s not a sign you see often in the digital age. It means more work for retailers (not to mention annoying your customers). But most cannabis businesses are operating on a cash-only basis out of necessity. Over 20 states have cannabis regulations, but federal law deters most banks from offering accounts to this

By |October 9th, 2018|
  • More banks working with cannabis companies

More Banks Working With Cannabis Businesses

Cannabis brands have been longing for access to banking since California began decriminalization in the 1990s, but few banks have been willing to take them on as customers. Access to basic banking services -- like checking accounts, merchant accounts, and business loans -- has been limited due to the restrictions that federal authorities continue to

By |September 25th, 2018|

Marijuana Legalization May Reduce Alcoholism

Many of the arguments for the legalization of marijuana are based on its claimed value in the treatment of specific illnesses or easing of the symptoms of illnesses. Proponents of marijuana legalization also frequently cite its benefits with regard to easing the side effects of cancer treatment such as chemotherapy. There is also evidence that

By |October 13th, 2014|