US Senate is eyeing a bill that would allow banks to do business with cannabis companies - now, if only they would vote on it Imagine that you run a perfectly legal business but are unable to open a simple checking account at a national bank. Believe it or not, that's the case right now for anyone licensed to sell cannabis in the US. Given the size of the cannabis industry, it's pretty shocking. But it may be about to change. In the US, 38 states have legalized marijuana for medical use and 23 o...
Cannabis firms are cut off from the US financial system, but relief is in sight
The Guardian - 8 Oct 2023 14:00
US Senate is eyeing a bill that would allow banks to do business with cannabis companies - now, if only they would vote on it Imagine that you run a perfectly legal business but are unable to open a simple checking account at a national bank. Believe it or not, that's the case right now for anyone licensed to sell cannabis in the US. Given the size of the cannabis industry, it's pretty shocking. But it may be about to change. In the US, 38 states have legalized marijuana for medical use and 23 o...
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