Cannabis industry finance company SHF Holdings, doing business as Safe Harbor Financial, has eliminated $1.2 million of indemnity liability through a four-year extension and modification of its agreement with Partner Colorado Credit Union. The eradicated indemnity liability, which was on the company’s balance sheet as of Sept. 30, went into effect Jan. 1, 2025, according […]
With six weeks left in 2024, Washington, D.C.-based cannabis lobbyists and federal marijuana reform advocates already have entered “wait until next year” mode. Despite friendly signals from President-elect Donald Trump and unfinished business from an exiting Democratic majority in the U.S. Senate, there is little hope for long-anticipated bills such as cannabis banking reform to […]
Marijuana multistate operator Curaleaf Holdings said it has secured a $40 million revolving line of credit from a “major commercial regional bank.” Curaleaf will use the credit line from Needham Bank in Massachusetts for general corporate purposes and working capital, according to a news release. Boris Jordan, the New York-based MSO’s chair and CEO, said […]
(This story first appeared in the September-October issue of MJBizMagazine.) Sundie Seefried burst onto the cannabis industry scene 10 years ago as the CEO of Partner Colorado Credit Union, where she launched Safe Harbor Financial, a program to service the new marijuana businesses popping up across the state after voters legalized adult use. Safe Harbor […]
Financial institutions that serve licensed marijuana businesses in Delaware will be protected from state-level prosecution under a bill that Delaware’s governor recently signed into law. The new law – which Gov. John Carney signed Oct. 9 – protects banks, credit unions, armored-car services and accounting firms from state prosecution for working with regulated cannabis operators. […]
