Banking And Cannabis: Bank Lending, The Next Frontier

A fortuitous combination of developments and circumstances present the banking and cannabis industries a large opportunity to enhance each of their respective bottom lines: conventional bank lending, payment processing, treasury management and other services, and bank administered SBA and revenue bond financing to cannabis businesses.

Loan numbers are difficult to come by, but knowledgeable sources estimate that borrowing for “plant touching” cannabis, businesses (e.g., growers, processors, retailers, testing labs and delivery services) was at least […]

By | July 12th, 2021 ||

House Financial Services Committee Advances LIBOR Act

The U.S. House Committee on Financial Services voted to advance H.R. 4616 (including a technical amendment), the “Adjustable Interest Rate (LIBOR) Act of 2021,” which would establish a process for replacing LIBOR with the Secured Overnight Financing Rate (“SOFR”) in financial contracts that do not contain sufficient fallback provisions upon the cessation of LIBOR. The Act would (i) direct the Federal Reserve Board (“FRB”) to issue rulemakings necessary to adjust SOFR for each category of LIBOR contract […]

By | July 5th, 2021 ||

With The Current Pandemic, What Next For Capital Markets?

Covid-19 had an immediate impact on all business sectors around the world. Some have thrived, but the majority have been adversely affected. What have been the most pressing challenges for capital markets?

While the damage caused by the pandemic isn’t confined to select pockets of businesses, it’s clear that some have suffered the most and continue to suffer – with aviation, retail, hospitality, financial services, real estate and automotive some of the hardest hit.

On the […]

By | September 16th, 2020 ||