I had to laugh aboout this one a bit as I tried to read this at Cultivated but the story is behind a paywall ? Think It through for a second !
So trusty Google AI tells us
In April 2026, JPMorgan Chase abruptly shut down the business bank account of Cultivated News, a media company focused on the cannabis industry. The outlet, which distributes its content via the newsletter platform Beehiiv, had reportedly been a customer for three years prior to the closure.
LinkedIn +1
Key Details of the Closure
- Lack of Explanation: As with many cases of “debanking,” Chase reportedly closed the account without providing a specific reason or avenue for recourse.
- Industry Targeting: Cultivated Media founder Jeremy Berke attributed the closure to the outlet’s coverage of and partnerships within the cannabis industry, noting that even media companies in the space continue to face banking hurdles in 2026.
- Operational Impact: The closure forced the organization to seek alternative banking partners, with industry-specialized firms like Safe Harbor Financial being suggested as potential replacements by peers
