Traditional banks have long grappled with a myriad of obstacles, from outdated legacy systems to stringent regulatory frameworks, often hindering their ability to innovate and adapt to changing consumer needs. However, amidst these challenges, a wave of disruption has emerged, spearheaded by forward-thinking entities like Monarch. Historical Challenges in Banking The historical trajectory of the
Minnesota is one of the most recent states to legalize cannabis use for adults over 21, and just over nine months after the state made the legislation official, state leaders have already finished expunging low-level cannabis convictions for thousands of residents. According to a news release from the Minnesota Department of Public Safety, criminal history
A new report from the Arkansas Department of Finance and Administration (DFA) shares a variety of facts about the state’s medical cannabis program, which launched in May 2019. According to the Arkansas Advocate, dozens of storefronts have opened over the past five years, and an estimated 102,000 medical cannabis patient cardholders have approved. In total
Gard’nClean’s Extended Release was created with cannabis cultivators in mind. It is designed to clean the atmosphere, neutralizing pungent odors, and improve the air quality of your cultivation spaces. This product uses a patented technology that not only masks odors but actually breaks them down at the molecular level, ensuring a clean and fresh environment
Ohio is finally moving forward with a plan to implement adult-use cannabis sales in the state. Ohio voters approved Issue 2 in November 2023, making it the 24th state to legalize adult-use cannabis. According to the new state law, adults can possess up to 2.5 ounces of cannabis and grow up to six plants at
The ports in Antwerp, Belgium and several cities in The Netherlands are fighting to curb the illicit trade of cocaine, which is seeing somewhat of a heyday in recent years. Criminals are allegedly smuggling cocaine on shipping containers, often disguised as fruit or other goods. To keep up with the extremely high demand for cocaine
After a series of controversial remarks about alleged drug trade on reservations, three more Native American tribes in South Dakota banned Gov. Kristi Noem from setting foot on their reservations, bringing the total number of tribal reservations to ban her to seven. The Associated Press reports that tribes are reacting to remarks from the governor,
Kaya Holdings Inc., which became one of the first publicly traded companies to hold a cannabis license when it began operation in Portland, Oregon in 2014, recently announced that it has been approved to hold a license for therapeutic psilocybin. The announcement came on May 7, stating that Kaya Holdings officially owns a Psilocybin Service
The Alaskan House of Representatives recently voted on May 10 in a 36-3 vote to approve a bill that implements much needed tax reform. House Bill 119 would change its $50 per ounce tax on cannabis to just a 7% tax, which was a recommendation from an Advisory Task Force on Recreational Marijuana. If HB-119
A life-size statue of Optimus Prime and other Transformers characters were packed with massive amounts of ketamine, Thai police say. Police in Bangkok, Thailand intercepted about 705 pounds of ketamine hidden inside Transformers statues, marking one of the country’s biggest busts in recent years. The estimated market value is as high as NT$600 million (about
