Month: December 2016

Cash and taxes in Alaska

Alaska recently voted to legalise marijuana. However, as marijuana sales are still illegal at a federal level in the US, this means many banks and credit unions won’t permit marijuana businesses to open bank accounts. In a tacit acknowledgment of this problem, the Alaskan department of revenue has set up a secure deposit safe in […]

Read More

Cash is still King, eh!

The Canadian Payment Methods and Trends (CPMT) report published in November revealed that Canadians still vastly prefer cash over other forms of payment. However, use of cash is slowing as demands for speed, convenience and loyalty programmes at merchants make themselves felt. In 2015 the payments market grew to 20.9 billion transactions, worth more than […]

Read More