US: Bringing real-time financial and lending guidance to the cannabis industry

Simplifya formed a relationship with Burns & Levinson. Burns & Levinson will provide real-time finance and lending regulatory guidance to Simplifya Market Guide, a new RegTech platform that arms cannabis and cannabis-related businesses with comprehensive, user-friendly regulatory summaries for all 50 states.

"We created Simplifya Market Guide to provide easy-to-read state-by-state summaries that are regularly updated and include information about every vital topic related to regulation," said Simplifya CEO and Co-Founder Marion Mariathasan. "As one of cannabis' legal trailblazers, Burns & Levinson's expertise in cannabis lending and financial regulations is unrivaled. By bringing the best finance and lending guidance to cannabis license holders and cannabis-related businesses ("MRBs"), our real-time RegTech platform simplifies the complex."

"By bringing our finance and lending guidance to Simplifya Market Guide, we are delivering key due diligence content that is critical to understanding state-specific regulations for lending in the cannabis space and will inform lenders as to how to compliantly work with licensed businesses in each state," said Scott Moskol, co-chair of Burns & Levinson's Cannabis Business & Law Advisory Group. "Through our relationship, we will also continue to evolve and add essential data for jurisdictions, including those in California."

Mariathasan added, "In addition, according to the FinCEN Cannabis Banking Guidance, every financial institution with customers in the cannabis industry must guarantee that MRBs are operating in compliance with state law. By continuously updating content and monitoring each state for updates, our Market Guide provides constant value to our customers, delivering ongoing change notifications to content and maintaining archived information in an easily accessible format to businesses, which dramatically simplifies the challenges of doing business in the cannabis industry."

For more information:

Publication date:

Receive the daily newsletter in your email for free | Click here

Other news in this sector:

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber