Cannabis Banking Financial Crimes Laws 
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 26, 2018
The STATES Act would allow those in the cannabis industry to secure basic banking services so they won’t have to rely so heavily on cash. In hopes of having the STATES Act passed into law, Gardner reintroduced it as an amendment to the First Step Act, a criminal justice reform bill that is expected to be passed into law.
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