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 […]
Source: MJBizDaily U.S. cannabis operators are scrambling to find a new payroll provider after receiving a memo from Paychex advising that the company will no longer process direct deposits or offer other services for marijuana-related businesses. A March 29 memo obtained by MJBizDaily warns that, effective May 1, New York-based Paychex will no longer process […]
