Remove Cannabis Banking Remove Due Diligence Remove Treasury
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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). Fusion Bank targets the legal cannabis market with its cash and treasury management solutions.

Legal 52
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Bridging Banking Gaps For Cannabis Companies

PYMNTS

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 Benefits of Tech.

Fincen 68