Economics

Taking It to the Bank: The Need for Legal Cannabis Banking

Taking It to the Bank: The Need for Legal Cannabis Banking

Legal cannabis (also referred to as “marijuana”) is one of the fastest growing industries in the United States. California became the first site of the United States modern legal cannabis market in 1996 when it legalized marijuana for medicinal purposes. Fast forward to 2020, more than half of the states have legalized marijuana for medicinal purposes, and eleven states and the District of Columbia have legalized recreational use of marijuana for adults. A recent Gallup survey conducted in October 2019 found that 66% of Americans currently support legalization of marijuana and that support crosses party lines and is unlikely to stall as cannabis becomes more normalized in American society.

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2020: New Decade, New Financial Crisis?

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2020: New Decade, New Financial Crisis?

The start of a new decade sparked hope that something good was coming. 2020 started off seemingly normal for most people: celebrating New Year’s, making strides towards their resolutions, and going about their normal lives as they had done in 2019. That is until COVID-19, also known as the coronavirus, tilted the world on its axis. Even though the coronavirus approached the United States slowly, it hit hard. The effects have been felt in all aspects of people’s lives: the country went on lockdown, once-booming businesses permanently closed their doors, and the economy grinded to a halt; indeed, COVID-19 is the biggest economic crisis since the Great Recession nearly a decade ago.

Broken Sneakers and the Little-Known World of Loss of Value Insurance

Broken Sneakers and the Little-Known World of Loss of Value Insurance

It was the sneaker blow-out heard around the world, or at least around the United States. On February 20, 2019, in front of a packed house at Cameron Indoor Stadium that even included former President Barack Obama, Duke basketball’s freshman phenom, Zion Williamson, went down. When Williamson stepped awkwardly, his foot tore through his Nike sneaker, bringing him to the hardwood with a sprained knee. The crowd, which only a few moments earlier was loud with excitement at what promised to be a riveting Duke vs. North Carolina basketball game, fell silent. The faces in the crowd expressed a combination of fear and concern: fear that Duke’s season could be over, but also concern that they may have witnessed the end of a promising career.

The Future of Money: Regulating Cryptocurrency Through a Self-Regulatory Organization

The Future of Money: Regulating Cryptocurrency Through a Self-Regulatory Organization

We’ve all heard the saying, “Such a small world.” And, it’s true; it really is a small world. We have the technology to travel around the world and the ability to call or video chat with anyone, anywhere with the push of a button.

We also have the ability to send each other money with the push of a button, with apps such as Venmo, PayPal, and Cashapp; but, these apps often result in transaction fees and extra charges, and have limitations on international use.

Virtual currency, however, allows for the transfer of money without any of these limitations.

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The Little-Known Business Case to Extend DACA

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The Little-Known Business Case to Extend DACA

Although undocumented immigrants are often regarded as the sole victims of the uncertainty of U.S. immigration law reform, corporations have also been adversely affected. One of the focal points of this conflict over immigration is the presidential directive, DACA (Deferred Action for Childhood Arrivals). DACA is a discretionary grant of stay and work authorization by the federal government to undocumented immigrants, who were brought to the United States illegally as children. Signed into law as an executive order by President Obama, DACA has now been in place for the past seven years. Although there has been a growing sentiment across the United States to revoke DACA, many corporations actually favor continuing the program. Despite the lack of media attention to the corporate proponents, a coalition of some of the largest corporations in the United States has formed to lobby for the continued success and improvement of the program.