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
APRIL 30, 2020
In previous years, Beuerlein said, financial institutions (FIs) weren’t interested in exploring how they could work with RegTechs like Hypur and other third-party players to step into the cannabis banking sector. “That appetite was not there in the beginning.”
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). According to Lang, traditional FIs cannot meet this regulatory compliance and reporting need.
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