In The News

With the SAFE Banking Act failing to pass this past December, federal reforms nowhere on the horizon, inflationary pressures surging, a bear market decimating valuations, equity markets all but shutdown, and thriving illicit markets in many states – it turns out that the cannabis industry may not be recession-proof after all. Read the rest of the article written by Katrina Skinner.

Marion Mariathasan had the pleasure to chat with Elliot Lane. Marion was live with Benzinga and their Cannabis Insider series to talk about how Simplifya can elevate the compliance of cannabis businesses.

Cannabis legalization efforts could make continued progress in 2023, with lawmakers in at least a half-dozen states likely to consider bills to end the prohibition of marijuana. Our regulatory analysts Justin Bedford and Snowden Stieber commented for Cannabis Now.

Brooke Butler, our VP of Partnerships, joined Talking Hedge to talk about how she helps ensure that any cannabis business setting out to operate in the legal market has a chance to thrive in this highly regulated industry.

Simplifya has expanded its operational footprint to 28 states with the launch of its core suite of compliance solutions in Minnesota.

Federal marijuana prohibition has prevented traditional insurance, banking and credit-card services from working with state-legal cannabis businesses, creating a dangerous overreliance on cash that has led to countless dispensary break-ins and robberies. Katrina Skinner, our general counsel and chief banking officer, explained how federal reform such as SAFE Banking doesn’t directly play into how the company strategizes for the future.

Calls are increasing among marijuana growers to stop licensing new cultivation businesses in more established recreational cannabis markets including Colorado, Michigan and Oregon. Alex Rubin, one of our regulatory analyst, said he sees the importance of stabilizing the market when there’s so much supply in Colorado when demand has dropped.

Marion Mariathasan estimates that Simplifya currently tracks 18 million lines of cannabis regulations across 28 state markets.

As part of their series "Lessons From Inspirational Women Leaders in Tech,” Brooke Butler had the pleasure of being interviewed by Authority Magazine.