PYMNTS
MAY 14, 2018
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 policymakers in 2014.
PYMNTS
OCTOBER 17, 2018
Treasury Department’s Financial Crimes Enforcement Network (FinCEN), there are approximately 100 credit unions nationwide currently working with legalized marijuana businesses. So, when we started talking to our board of directors about entering the cannabis banking space, we really looked to our mission statement.”.
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. According to data from the U.S.
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.
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