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Posted on February 13, 2018 by Admin

The number of banks and credit unions actively serving the marijuana industry has jumped nearly 30% from a year ago.

But U.S. Attorney General Jeff Sessions’ decision to repeal the Cole Memo may prevent further involvement by banking institutions looking to work with cannabis-related businesses.

According to the latest report issued by the Financial Crimes Enforcement Network (FinCEN), 400 depository institutions are providing services to marijuana businesses, up from just 51 in March 2014.

Full Article / Source: www.mjbizdaily.com

Posted in Marijuana Banking Cannabis Banking, Cole Memo, Dispensary Banking, Jeff Sessions, Marijuana Banking, Marijuana Banking Reform
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Recent Posts

  • West Virginia Medical Marijuana Banking Fix Introduced
  • Your Cannabis Company Can Get a Bank Account but Not Easily
  • Otting Hopes for Resolution of Marijuana Banking Conflicts by 2020 (Podcast)
  • Puerto Rico Medical Marijuana Companies Now Without Banking Option
  • Michigan Marijuana Businesses Find Ways To Bank Cash As Industry Launches

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