• Amber Goodrich
• 05 Jun, 2019

As states continue to legalize medical and recreational marijuana, pressure is mounting on both marijuana-related businesses (MRBs) and financial institutions due to current federal restrictions. While the marijuana industry becomes more legitimate—and more lucrative its participants’ need for traditional banking products and services increases. Conversely, current federal laws make capitalizing on this emerging new client base an extremely risky proposition for financial institutions.
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