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Tag: Cannabis


Activity, Corporate Banking

Understanding the Cannabis Banking Opportunity

May 2, 2022

Via: Bank Director

The legal cannabis industry is growing exponentially each year, creating extraordinary opportunities for financial institutions to offer services to this largely underbanked, niche market. Revenue from direct marijuana businesses alone is expected to exceed $48 billion by 2025, part of […]


Activity, Corporate Banking

House lawmakers reintroduce cannabis banking bill

March 19, 2021

Via: Banking Dive

The banking industry has largely been reluctant to service the cannabis sector because of pot’s classification as a Schedule 1 drug, forcing many marijuana- related businesses to deal primarily in cash. Cannabis reform advocates say the cash-only nature of the […]


Regulations

Your Bank’s Answer to the Cannabis Conundrum

May 30, 2019

Via: Bank Director

Banks should not wait on lawmakers taking action on the myriad of proposed cannabis banking bills to make important strategic decisions about servicing marijuana-related business. It is unclear if any of the proposed cannabis banking bills will gain enough traction […]