LOS ANGELES 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. But it might do little to ease a longstanding problem in the cannabis industry a lack of loans, checking accounts and banking services that other businesses take for granted.
LOS ANGELES 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. But it might do little to ease a longstanding problem in the cannabis industry a lack of loans, checking accounts and banking services that other businesses take for granted.
New era for pot regulation leaves old problem: Many can accesswdun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accesswdun.com Daily Mail and Mail on Sunday newspapers.
New era, old problem: Pot companies can t find banks columbian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from columbian.com Daily Mail and Mail on Sunday newspapers.
Most Americans now live in states where marijuana is legally available in some form. But there’s a problem when it comes to banks: Many don’t want anything to do with cannabis money. That forces many businesses to operate only in cash — making them ripe targets for crime.