State-Backed Cannabis Bank Bill Passes California Senate

Last week, California lawmakers moved to create a bank backed by the state that would help handle money from the state's newly created recreational marijuana market. The bill, SB930, which would allow charter banks and credit unions regulated by the California Department of Business Oversight to … Read more about State-Backed Cannabis Bank Bill Passes California Senate

German Bank Opens Crypto Exchange for Investors

A German securities trading bank has announced the first regulated cryptocurrency exchange for institutional investors, or whales, as larger investors are known in crypto markets. VPE Wertpapeierhandlesbank AG (VPE) has partnered with solarisBank to launch a cryptocurrency exchange. SolarisBank is a … Read more about German Bank Opens Crypto Exchange for Investors

Tether Could Be Perpetrating a Huge Fraud, Just Not the One We Think

According to an article published yeseterday, Tether could be potentially committing fraud in a way that we didn't expect: "Speculation around Tether has been rife for months but is now reaching a crescendo. At the heart of the matter is whether the company has the $2 billion or so in reserves … Read more about Tether Could Be Perpetrating a Huge Fraud, Just Not the One We Think

Feds Reviewing Marijuana Banking Guidance

The Treasury Department is reviewing existing guidance that provides a process for marijuana businesses to bank without causing issues under federal law. The previous guidance from the Treasury remains in place - for now - but at a Senate hearing on Monday, Sigal Mandelker, the Treasury's deputy … Read more about Feds Reviewing Marijuana Banking Guidance

New York Times Article Published with Extensive Input From RLG

The New York Times just published an article on cannabis banking. RLG founder Dave Rodman spent hours on the phone during the summer of 2017 explaining the realities of the cannabis industry and the available banking options to the article's author, Mr. Robb Mandelbaum. "I was more than happy to … Read more about New York Times Article Published with Extensive Input From RLG