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Cannabis company’s CEO: Being unbanked meant paying $3 million tax bill in cash

Cannabis company’s CEO: Being unbanked meant paying $3 million tax bill in cash

by Josephine Chu | Jul 24, 2019 | Business & Tech

Cannabis-industry players on Tuesday voiced support for a bill that would protect banks that aim to serve the sector, as one industry veteran told a Senate panel that not having a bank forced him to pay a $3 million tax bill in cash. Since marijuana remains illegal at...
Advocates push for banks to be allowed to serve cannabis businesses

Advocates push for banks to be allowed to serve cannabis businesses

by Lu Zhao | Jul 23, 2019 | Business & Tech, Featured

WASHINGTON – Owners of cannabis companies told a Senate committee Tuesday that they are forced by federal law to operate as cash-only businesses, making it difficult to pay taxes and creating safety concerns. But an opponent said changing banking laws would allow the...
Apollo 11 moon landing celebrates 50th anniversary

Apollo 11 moon landing celebrates 50th anniversary

by Josephine Chu | Jul 19, 2019 | Business & Tech, Featured

WASHINGTON – On July 20, 1969, Neil Armstrong and Buzz Aldrin walked on the moon for the first time. 50 years later, the world looks back on the first moon landing as a glorious feat and a testament to what we are capable of as a country. But after all this time, why...
Governors grapple with housing woes felt throughout nation

Governors grapple with housing woes felt throughout nation

by Dorothy Mills-Gregg | Feb 25, 2019 | Business & Tech

WASHINGTON — From Vermont to California, governors and housing associations agree Americans in rural and urban areas are facing a housing affordability crisis. While governors did not hold a formal discussion on housing challenges during the National Governors...

The true source of U.S.-China trade tension is over technology

by Patty Nieberg | Feb 4, 2019 | Business & Tech

WASHINGTON — As the U.S. and China engage in a high-stakes negotiation over the future of their trade relationship, experts say it’s technology that is at the heart of the debate. “The vast majority of the issue is tech, not trade, especially for the U.S. which...
SCOTUS Considers Effect of Selling an Invention Before it’s Patented

SCOTUS Considers Effect of Selling an Invention Before it’s Patented

by Brock Hall | Dec 4, 2018 | Business & Tech, Featured

WASHINGTON – The Supreme Court heard arguments Tuesday in a case that could have far-reaching effects for future inventions and when they cannot be patented. The question is whether an inventor’s sale of an invention to a third party that is obligated to keep the...
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About Medill Washington

The stories here were reported, written and produced by Northwestern University graduate journalism students in the Washington program of the Medill School of Journalism, Media, Integrated Marketing Communications . Most also were published or broadcast by media organizations served by the school's unique news distribution plan. We specialize in enterprise reporting, multimedia and online journalism, as well as on accountability, working to uncover misbehavior by people in power.
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