Yearly Archives: 2024

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SAFER Banking Act: How Legal Marijuana Could Transform the Industry

IC: Bricker Graydon - brickergraydon.com. Walking into a local bank where the tellers greet you warmly, not as any other customer, but as someone in an industry that has long been stigmatized and shunned from traditional financial services could soon be the reality for marijuana business owners across the United States. With the introduction

2024-07-12T21:46:07+00:00July 12th, 2024|Cannabis, payments, Technology|Comments Off on SAFER Banking Act: How Legal Marijuana Could Transform the Industry

Cannabis Banking: Why Accurate Financial Record Management Is Important

Picture the horror of receiving a hefty fine or even facing closure due to a minor slip in financial record-keeping. This scenario is more common than you might think, given the complex regulations and scrutiny surrounding the cannabis sector. In the cannabis industry, maintaining accurate financial records isn’t just a matter of good business practice—it's

2024-07-12T21:20:03+00:00July 10th, 2024|Cannabis, payments, Technology|Comments Off on Cannabis Banking: Why Accurate Financial Record Management Is Important

Tax Management and Reporting in the Cannabis Industry

Navigating tax management and reporting in the Cannabis Industry requires not just understanding the nuances but also implementing effective strategies. From deciphering tax codes specific to cannabis operations to mastering accounting techniques tailored to your niche, we’re here to simplify the complex. Ready to dive in? Navigating Federal and State Tax Regulations Cannabis businesses face

2024-07-08T20:30:51+00:00July 8th, 2024|Cannabis, payments, Technology|Comments Off on Tax Management and Reporting in the Cannabis Industry

Best Practices for Cannabis Cash Management and Vault Services

The cannabis industry is unique in its reliance on cash transactions due to federal banking restrictions. Effective cash management is essential for ensuring the security and efficiency of cannabis businesses. This article explores best practices for cannabis cash management and vault services, highlighting strategies to mitigate risks, enhance security, and ensure regulatory compliance. Understanding Cannabis

2024-07-06T16:01:09+00:00July 6th, 2024|Cannabis, payments, Technology|Comments Off on Best Practices for Cannabis Cash Management and Vault Services

The Impact of Federal Legislation on Cannabis Banking

Cannabis banking has long been a contentious issue, particularly due to the conflict between state and federal laws. As more states legalize cannabis for medical and recreational use, cannabis businesses face significant challenges in accessing traditional banking services. This article explores the impact of federal legislation, specifically the SAFE Banking Act and the SAFER Banking

2024-07-03T17:33:27+00:00July 3rd, 2024|Cannabis, payments, Technology|Comments Off on The Impact of Federal Legislation on Cannabis Banking

The Importance of Compliance in Cannabis Financial Operations

The cannabis industry is experiencing rapid growth, driven by increasing legalization and acceptance. As this industry evolves, so does the complexity of its regulatory environment. For cannabis businesses, particularly those involved in financial operations, compliance is not just a legal obligation but a critical component of successful and sustainable business practices. Ensuring compliance in financial

2024-07-01T15:52:28+00:00July 1st, 2024|Cannabis, payments, Technology|Comments Off on The Importance of Compliance in Cannabis Financial Operations

Enhancing Security in Cannabis Financial Transactions

The cannabis industry is booming, with new dispensaries and products popping up every day. However, with growth comes the challenge of ensuring secure financial transactions. Enhancing security in cannabis financial transactions is crucial for protecting businesses and consumers. This article will outline the best practices for securing these transactions and how Monarch Technologies can help

2024-06-28T11:57:37+00:00June 28th, 2024|Cannabis, payments, Technology|Comments Off on Enhancing Security in Cannabis Financial Transactions

Monarch Technologies Partners with the City of Desert Hot Springs to Streamline Cannabis Compliance and Tax Collection

Monarch Technologies Partners with the City of Desert Hot Springs to Streamline Cannabis Compliance and Tax Collection Newport Beach, CA — July 1, 2024 — Monarch Technologies, , a leading provider of cannabis payments, tax collection, and compliance solutions, today announced a new partnership between its tax management platform Monarch Tax Authority (MTA) and the

2024-06-27T17:10:13+00:00June 27th, 2024|Press Release|Comments Off on Monarch Technologies Partners with the City of Desert Hot Springs to Streamline Cannabis Compliance and Tax Collection

Cannabis Banking: Challenges & Solutions

Are they prepared to navigate the intricate world of cannabis banking? Envision a thriving business where regulatory challenges arise. Understanding cannabis banking isn't just essential — it's transformative. Armed with this knowledge, entrepreneurs confidently propel their ventures forward. Understanding Cannabis Banking Regulations Why should one try to understand the intricate regulations governing cannabis banking? FinCEN

2024-06-27T16:47:23+00:00June 26th, 2024|Cannabis, payments, Technology|Comments Off on Cannabis Banking: Challenges & Solutions

Arizona Governor Approves Bill To Allow Workers’ Compensation for MDMA Treatment

Arizona Gov. Katie Hobbs recently signed Senate Bill 1677, which will permit both firefighters and certified peace officers to receive workers’ compensation to cover the price of MDMA therapy if they suffer from post-traumatic stress disorder. The bill only takes effect if or when midomafetamine (MDMA) becomes federally legalized though. According to the bill, the

2024-06-27T16:50:36+00:00June 25th, 2024|Cannabis, Feed|Comments Off on Arizona Governor Approves Bill To Allow Workers’ Compensation for MDMA Treatment
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