Remove Cannabis Banking Remove Laws Remove Regulatory Compliance
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Charting Course: Building a Cannabis Banking Compliance Program

Innovative Payments Association

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.

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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). According to Lang, traditional FIs cannot meet this regulatory compliance and reporting need.

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