Source: mg Magazine ROCHESTER, N.Y. – Third-party payroll and human resources service provider Paychex will suspend direct deposits, time and attendance, and automatic payroll tax administration for the cannabis industry effective May 1. The company did not provide a clear answer for its decision in a memo sent to clients on March 29. Paychex handles […]
Source: Benzinga When cannabis companies received a letter from payroll provider Paychex saying the company was no longer offering its services starting in May, they panicked. “That puts a lot of clients in the cannabis space at risk because, in the announcement, Paychex said they could no longer process payroll or taxes for those clients […]
Source: Forbes Even though two-thirds of the U.S. have legal medical marijuana markets and a third permit adult-use, the ongoing banking ban continues to be a blight on the industry. Recently, this issue came to a troubling head when Paychex, which provides payroll and human resource products and services, announced in a memo that it […]
