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Message
re: US drug control agency will move to reclassify marijuana in a historic shift
Posted on 5/1/24 at 6:58 am to whoa
Posted on 5/1/24 at 6:58 am to whoa
quote:
No major bank does. Its federally illegal for them to service the cannabis industry and the ones that do, the compliance needed isn’t worth the hassle.
No major bank does because it isn’t as profitable as you think. Its federally illegal for any bank to service the cannabis industry but many due as long as its legal in the states the cannabis business are domiciled.
I know cannabis bankers from many states. I have seen their programs. None are overly complex or costly. It does take a commitment and working with the bank’s regulatory bodies, their Board of Directors and their shareholders.
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