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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). The legal marijuana industry in North America, which handled an estimated $9.7

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Lawmakers Shun State Cannabis Banking Reform

PYMNTS

Treasury Department’s Financial Crimes Enforcement Network (FinCEN), the number of banking firms that provide services for marijuana firms has grown by 20 percent since the beginning of the year, bringing the current total to 375 banks and 111 credit unions.

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Cannabis Banking Bill Gains Steam in US House

PYMNTS

A bill that could bring clarity to payments for legal cannabis purchases in the U.S. House of Representatives — though there is still a long path before that bill would become law. was set for an important vote this week in the U.S. A request for comment from the committee was not immediately returned. Market Growth.