Audit Cannabis Banking Crime 
Innovative Payments Association
AUGUST 29, 2024
Due to the federal illegality of cannabis, many banks are hesitant to work with cannabis businesses, making it difficult for these companies to operate smoothly. To navigate the complex world of cannabis banking compliance, businesses must develop a strong compliance program.
PYMNTS
DECEMBER 12, 2018
To that end, the number of banking firms that actively provide services for marijuana firms has grown by 20 percent since the dawn of 2018. Treasury Department’s Financial Crimes Enforcement Network (or FinCEN for short). That’s according to data published at the end of last month, per data from the U.S. The government benefits, too.
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