Month: October 2018
post: The California Cannabis Authority Gains Momentum
In a small conference room in Yolo County last week, a number of County Supervisors, Treasurer Tax Collectors and Auditor-Controllers from around the state gathered together to talk pot. More specifically, they gathered together to talk about the numbers – cannabis permits, state cannabis licenses, tax proceeds, and how they are going to use this […]
post: A half-banked industry — new cannabis businesses need access to financial service
If you ever open a cannabis business, you will have this meeting: Some really big guys will contact you about your cash problem. A cash problem only they could solve. It will require unmarked, bullet-proof vans, guns, more big guys, and some special relationships with government officials. At one point, when you ask how they […]
post: Buzzwords & Bullsh!t: KYC
Buzzwords. I heard them while I was a banker and I hear them now working in fintech. There are PLENTY of tech terms that make my skin crawl, but the one that I hear thrown around the most is infamous for anyone who has ever worked in a financial institution. It’s something that is engrained […]
post: Buzzwords & Bullsh!t: Big Data – Understanding the Myth
“Big data is like teenage sex: everyone talks about it, nobody really knows how to do it, everyone thinks everyone else is doing it, so everyone claims they are doing it.” This all-too-true analogy is attributed to Duke Professor Dan Ariely. Big Data, its connotations, and its often-incorrect implications, also are a pet-peeve of […]