Hundreds of companies applied for medical marijuana licenses because it can be a very lucrative industry. But it is usually an all-cash industry, which increases the risk of crime. Only one bank in Arkansas, though, said it will protect those businesses and accept their money.
“Now having that the election is over with and the State of Arkansas, the people of Arkansas have approved (medical marijuana),” HomeBank of Arkansas CEO John Stacks said, “then I really think the next thing is that, in the banking industry we need to offer those services to protect those people and the community, to prevent robberies and thefts, and perhaps even murder.”
Full Article / Source: www.thv11.com