Category: Finance

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Legislation allowing banks to serve the cannabis business is gaining momentum

Legislation allowing banks to serve the cannabis business is gaining momentum

Cannabis banking can be conducted safely and efficiently, according to one Oregon-based credit union The push for legislation that would allow banks to do business with cannabis companies without the risk of federal enforcement action is gaining momentum, and credit unions are playing a key role. The National Association of State Treasurers adopted a resolution...

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Want to Make Millions and Pay No Taxes?

Want to Make Millions and Pay No Taxes?

Real estate is a cyclical business. Markets crash. Deals sour. But hard landings are rare for a savvy property mogul, thanks to the U.S. tax code. Take Harry Macklowe, a New York City developer. Macklowe, 81, hasn’t paid income tax since the 1980s, according to a court opinion in his divorce proceedings issued in December....

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5 Ways To Preventing Financial Child Abuse

5 Ways To Preventing Financial Child Abuse

A child doesn’t have to be bruised to experience abuse. There are many other ways a child can be harmed. One being Financial Child Abuse. April is Child Abuse Prevention and Financial Literacy Month.   Many parents don’t abuse a child’s financial life to be malicious, but rather because they really are not aware that...

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Congressional Committee Approves Marijuana Banking Bill

Congressional Committee Approves Marijuana Banking Bill

A congressional committee voted on Thursday to approve legislation aimed at increasing marijuana businesses’ access to banks. Following multiple days of lengthy debate and consideration of several amendments, the House Financial Services Committee voted 45 to 15 to advance the legislation to the full body. Floor action has not yet been scheduled, but cannabis reform advocates are hopeful that...

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Don’t Use a Debit Card at the Gas Pump

Don’t Use a Debit Card at the Gas Pump

Don’t get skimmed. Card skimming, in which an illegal reader is attached to a payment terminal, is a pervasive financial scam, particularly at the gas pump. According to the National Association for Convenience Stores, a single compromised pump at a gas station can compromise 30 to 100 cards every day in the U.S. “These card...

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Legalization & Business of the $140 Billion Miracle Plant

Legalization & Business of the $140 Billion Miracle Plant

2019 Best year for Cannabis, Cannabis has been ‘Demonized’, Miraculous Results of Marijuana and more inCity Magazine’s Publisher, Christopher Thomas, sits with Steven Hawkins, Executive Director for Marijuana Policy Project discussing: War on Drugs, Fear of Marijuana, Tax Revenue, 2019 Being BEST Year of Cannabis, NFL and Cannabis, Marijuana Miraculous Results, Cannabis Entrepreneurship, Global Industry...

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Beer vs. Marijuana: The Battle Royale of Partying

Beer vs. Marijuana: The Battle Royale of Partying

Pick your poison, America. The typical American Friday or Saturday night usually involves a drink or two—be it a glass of Chardonnay or a can of Rainier. Drinking is a popular way to relax, to unwind, and to otherwise grease the social wheels. Though not everyone drinks regularly, seven in ten Americans say they’ve had...

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5 factors to consider before hiring a wealth manager

5 factors to consider before hiring a wealth manager

Wealth management is a service that is provided by wealth management companies where professional experts will provide financial, investment, tax advice. These experts also provide plans for a good retirement and estate planning. The investors will work with a wealth manager, who will provide information that they will get from various financial experts and it...

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Do This by Jan. 15 to Avoid a Tax Penalty

Do This by Jan. 15 to Avoid a Tax Penalty

Don’t pay more than you need to: savvy strategies for tax planning, income taxes, tax credits and deductions, business taxation, charitable giving – plus updates on tax-law changes. The chance you underwithheld on your taxes in 2018 may be higher than you think. A 2018 report by the Government Accountability Office (GAO) suggests that 21%...

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