Remove Cannabis Banking Remove Fincen Remove Laws
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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 policymakers in 2014.

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Lawmakers Shun State Cannabis Banking Reform

PYMNTS

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.