Remove B2C Remove Cannabis Banking Remove Regulatory Compliance
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The Complicated Picture Of Banking Cannabis SMBs

PYMNTS

As the narrative goes, legal cannabis companies, often small- to medium-sized businesses (SMBs), are forced to rely on cash for both B2B and B2C payments. “Financial institutions didn’t necessarily want to acknowledge whether or not they were banking the state-legal cannabis space,” he said.

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Risk’s All Around When Banks Service Cannabis

PYMNTS

The conundrum of cannabis banking in the U.S. But the cannabis market that struggles to access banking services is not limited to small dispensary storefronts (although they are undoubtedly affected by such legal hurdles). According to Lang, traditional FIs cannot meet this regulatory compliance and reporting need.

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