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New era for pot regulation leaves old problem: Many cannabis companies can't find a bank

New era for pot regulation leaves old problem: Many cannabis companies can't find a bank
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Many pot companies still have trouble finding banks | News, Sports, Jobs

Many pot companies still have trouble finding banks | News, Sports, Jobs
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New Era for Pot Regulation Leaves Old Problem: Many Cannabis Companies Can't Find a Bank

New Era for Pot Regulation Leaves Old Problem: Many Cannabis Companies Can't Find a Bank
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New era for pot regulation leaves old problem: Many cannabis companies can't find a bank

The Biden administration's move to reclassify marijuana as a less dangerous but still controlled drug was hailed as a monumental step in reshaping national policy. “As far as financial institutions, I don’t necessarily think it’s going to have a demonstrable effect” on how they deal with cannabis operators, said Morgan Fox, political director for the National Organization for the Reform of Marijuana Laws, or NORML. “Any potential decision from the administration to reclassify cannabis has no bearing on the legal issues around banking cannabis," said Blair Bernstein, a spokesperson for the American Bankers Association. ....

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Cannabis Banking Dilemma: Companies Struggle to Access Financial Services Despite Legalization

Cannabis Banking Dilemma: Companies Struggle to Access Financial Services Despite Legalization
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