In a move that underscores the volatility of the state’s nascent market, First Green has announced that it is closing the accounts of its cannabis clients and won’t be handling their money past early January.
Initially, the announcement — which comes just a few months after the Central Florida community bank celebrated being the first in the state to handle medical marijuana clients — sent some clients scrambling. But the bank has apparently found a new institution willing to take its place, and companies that spoke to the Miami Herald say they’re confident Florida’s 40,000 card-carrying medical marijuana patients won’t notice any hiccups.
“There will be no interruption or change in operations as far as patients and members are concerned,” said Jake Bergmann, CEO of Surterra Holdings, a medicinal marijuana operator and a First Green client.
Full Article / Source: www.miamiherald.com