Page 2 - Vertical Wellness News Today

CanaFarma Hemp Products Corp. (CSE:CNFA) (OTC:CNFHF) are merging to create an industry leader. The new company will continue to trade on the CSE and OTC as CanaFarma but will retail its products as Vertical Wellness. Vertical’s current CEO J. Smoke Wallin will act as new CEO for the combined businesses, which will be valued at more than $50 million. “The ability for Smoke Wallin and his team to rapidly launch Vertical’s house of brands into distribution and retail made this deal a strate...

Breach of contract alleged in dispute between Kentucky-based hemp companies.

The U.S. cannabis business has a very particular cashflow problem -- too much of it. Marijuana can be sold legally in 36 U.S. states and the District of

The U.S. cannabis business has a very particular cashflow problem -- too much of it.... | May 24, 2021

U.S. pot sellers stash cash as banks leave them high and dry By Shariq Khan (Reuters) - The U.S. cannabis business has a very particular cashflow problem -- too much of it. Marijuana can be sold legally in 36 U.S. states and the District of Columbia (D.C.) for medical use and in 15 of them and in D.C. for recreational purposes. But its still illegal on a federal level, meaning most banks wont service the industry in case they fall afoul of money laundering laws. With the COVID-19 pandemic a...

The US cannabis business has a very particular cash flow problem – too much of it. Marijuana can be sold legally in 36 US states and the District of Columbia (DC) for medical use and in 15 of them and in DC for recreational purposes. But it is still illegal on a federal level, meaning most banks refuse to service the industry in case they fall afoul of money laundering laws. With the COVID-19 pandemic and increasing legalisation driving a surge in cannabis use, the sector’s producers, manuf...

The U.S. cannabis business has a very particular cashflow problem — too much of it.

505 An employee holds a jar of marijuana on sale at the Greenstone Provisions after it became legal in the state to sell recreational marijuana to customers over 21 years old in Ann Arbor, Michigan, US, December 3, 2019. Reuters May 24 The US cannabis (marijuana) business has a very particular cash-flow problem -- too much of it. Marijuana can be sold legally in 36 US states and the District of Columbia (DC) for medical use and in 15 of them and in DC for recreational purposes. But its still i...

‘All this cash flowing around is just a recipe for disaster’

US pot sellers stash piles of cash as banks refuse them Reuters The US cannabis business has a very particular cash flow problem — too much of it. Marijuana can be sold legally in 36 US states and the District of Columbia for medical use and in 15 of them and the district for recreational purposes, but it is still illegal on a federal level, meaning most banks do not service the industry in case they fall afoul of money laundering laws. With the COVID-19 pandemic and increasing legalization d...