New Line Processing

Banking Remains Challenge For Ohio Dispensaries

DAYTON - Roughly 120 dispensaries in Ohio have received state licenses to sell recreational marijuana, but banking remains an obstacle for cannabis businesses because marijuana remains illegal under federal law. “Financial institutions are nervous about working with marijuana companies because of the federal regulations,” said Heather Trela, Rockefeller Institute of Government director of operations and

By |2024-08-27T15:39:55-04:00August 27th, 2024|Marijuana Business, News|

New Line Processing Offers Line of Credit For Michigan Cannabis Customers

ANN ARBOR - Michigan cannabis dispensaries, and customers have had a difficult time trying to use Visa and Mastercard to pay for transactions. Since cannabis remains a federal schedule 1 drug - along with cocaine and heroin - credit card companies and federally chartered banks have said no to cannabis. New Line Processing, a New

By |2024-09-04T16:25:56-04:00August 21st, 2024|Marijuana Business, mitechtv, News|