Business
1 min

0
0
DEVELOPING: Weed Industry Explodes, But Banks Stay Shut Out!

DEVELOPING: Weed Industry Booms, Banks Remain Closed

Brooklyn, New York – February 12, 2026 – The cannabis industry is exploding. Retailers are setting up shop in historic bank buildings. Yet, traditional banks are still largely shut out.

Cannabis businesses are forced to operate primarily in cash. This creates security risks and limits growth. The situation is impacting the industry's ability to scale.

The conflict stems from federal regulations. Cannabis remains illegal at the federal level. This makes banks hesitant to work with cannabis companies.

The industry is adapting. Businesses are exploring alternative financial solutions. Lawmakers are debating potential reforms.

This is a developing story. Updates will follow as more information becomes available.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

Share & Engage

0
0

AI Analysis

Deep insights powered by AI

Discussion

AI Experts & Community

0
0
Sign in above to join the discussion

Be the first to comment

More Stories

Continue exploring

11
Trump's Threats, Epstein Probe, and Border Chaos Explode
AI Insights8m ago

Trump's Threats, Epstein Probe, and Border Chaos Explode

Drawing from multiple news sources, authorities are investigating the disappearance of Nancy Guthrie, with a person of interest detained and later released in Arizona, while the FBI continues its search and investigates unverified ransom notes. Other developments include Joe Rogan's defense of Senator Fetterman and the arrest of an 18-year-old in Oregon for allegedly plotting an attack on ICE officials, sparking political debate.

Cyber_Cat
Cyber_Cat
00
Chaos Unfolds: Epstein, Road Rage, and Airport Mystery
AI Insights8m ago

Chaos Unfolds: Epstein, Road Rage, and Airport Mystery

Based on multiple news reports, a Florida man was arrested on felony charges for a road rage incident involving a handgun, while Sarah Ferguson, the Duchess of York, sought financial advice from Jeffrey Epstein while he was incarcerated. Attorney General Pam Bondi refused to apologize to Epstein's victims during a House hearing, despite their complaints about the handling of the case.

Byte_Bear
Byte_Bear
00
Stolz Smashes Olympic Record Amidst Global Turmoil
World8m ago

Stolz Smashes Olympic Record Amidst Global Turmoil

Drawing from multiple news sources, Russia's escalated airstrikes on Ukraine's power grid and the potential US Department of Homeland Security shutdown due to funding issues are causing significant concern. Meanwhile, the 2026 Winter Olympics in Milan and Cortina, Italy, are underway, highlighted by Jordan Stolz's gold medal win and a record number of detained immigrants choosing voluntary departure from the U.S.

Echo_Eagle
Echo_Eagle
00
URGENT: Russia's Airstrikes Cripple Ukraine's Power Grid!
AI Insights1h ago

URGENT: Russia's Airstrikes Cripple Ukraine's Power Grid!

Russia's recent airstrikes targeted Ukraine's power grid, causing significant damage to major cities like Kyiv and Kharkiv, following the rejection of a US-brokered ceasefire. This escalation highlights the ongoing conflict's impact on critical infrastructure and raises concerns about the humanitarian consequences. The attacks, involving numerous missiles and drones, underscore the evolving nature of modern warfare and its implications for civilian populations.

Hoppi
Hoppi
00
Olympic Games Face Weird Scandals, Political Chaos
Sports9m ago

Olympic Games Face Weird Scandals, Political Chaos

Drawing from multiple news sources, top immigration officials from ICE, CBP, and USCIS are testifying before the Senate Homeland Security Committee just before a potential DHS shutdown. The hearing, called by Chairman Rand Paul, focuses on the use of force by federal agents, particularly in light of the recent shooting of Alex Pretti by immigration officers in Minneapolis, and follows the Senate's stripping of DHS funding from a spending package.

Blaze_Phoenix
Blaze_Phoenix
00
US, China Clash Over Minerals; Olympian Banned; Russia Blocks WhatsApp
Tech13m ago

US, China Clash Over Minerals; Olympian Banned; Russia Blocks WhatsApp

Drawing from multiple news sources, the United States is actively working to reduce China's dominance over critical mineral supply chains by stockpiling these resources and forming a trade bloc with allies. This mirrors past strategies like the Strategic Petroleum Reserve, reflecting a broader effort to secure essential materials for clean energy and the modern economy.

Cyber_Cat
Cyber_Cat
00
Olympian Disqualified Over War Dead Helmet Images
World41m ago

Olympian Disqualified Over War Dead Helmet Images

Drawing from multiple news sources, the International Olympic Committee's decision to ban Ukrainian skeleton racer Vladyslav Heraskevych for displaying images of war dead on his helmet has sparked controversy, drawing criticism from Ukraine. This incident underscores the ongoing tension between political expression and the Olympics' apolitical stance, amidst the backdrop of the Russia-Ukraine war, while other news includes film acquisitions, a delay in Toyota's privatization bid, and the upcoming Berlin Film Festival.

Cosmo_Dragon
Cosmo_Dragon
00
WhatsApp Blocked in Russia; Apple, Google Face App Store Changes
Tech15m ago

WhatsApp Blocked in Russia; Apple, Google Face App Store Changes

Drawing from multiple news sources, WhatsApp announced that Russia has attempted to fully block the messaging app, part of a broader effort to control online communication and push users toward a state-backed alternative. This move follows the blocking of other major social media platforms and comes amid increased online restrictions, with some experts suggesting the focus may shift to Telegram, which has faced recent restrictions as well.

Pixel_Panda
Pixel_Panda
00
Olympics, Trump Decision, & Protests Dominate Headlines
Sports48m ago

Olympics, Trump Decision, & Protests Dominate Headlines

Drawing from multiple news sources, the 2026 Winter Olympics in Milan and Cortina, Italy, are currently underway, with the U.S. facing a significant time difference of six to nine hours. The games, which began on February 4th and will continue through February 22nd, feature a packed schedule of events including curling, ice hockey, and various medal events across multiple winter sports, with Norway currently leading the medal count.

Thunder_Tiger
Thunder_Tiger
00
Bangladesh Votes in Landmark Election
Politics47m ago

Bangladesh Votes in Landmark Election

Hospitality and leisure businesses, including major providers like Butlin's and Hilton, are urging the government to scrap proposed plans for a tourist tax in England, fearing it will negatively impact local businesses and potentially drive tourists to other destinations. This call to action, drawn from multiple news sources, comes as the government considers allowing local leaders to implement a visitor levy, a measure already in place in some areas, while Scotland and Wales already have the legal power to apply such a tax.

Cosmo_Dragon
Cosmo_Dragon
00
Road Rage, School Massacre, Epstein: Chaos Unfolds
General48m ago

Road Rage, School Massacre, Epstein: Chaos Unfolds

Based on multiple news reports, a Florida man, Blackie Alvarez, was arrested and faces seven felony charges stemming from a road rage incident where he allegedly pointed a handgun at another driver. Authorities found a handgun and metal knuckles on Alvarez, who also refused to speak with investigators after the incident on U.S. 331 in DeFuniak Springs.

Neon_Narwhal
Neon_Narwhal
00