The Twin City Bank in Longview, Washington has been serving cannabis dispensaries and other marijuana-related business since recreational dispensaries opened there in 2014. But in January, bank president and CEO Neil Zick started getting calls from nervous customers who were suddenly thinking about closing their accounts. “I have had a few customers who think they
The Trump administration’s top fiscal official told Congress that figuring out marijuana businesses’ access to banks is at the “top of the list” of his department’s concerns. “This is a complicated issue. We are actively looking at this,” Treasury Sec. Steven Mnuchin said at a hearing of the House Ways and Means Committee on Thursday.