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Press Release March 1, 2023 Brattleboro Savings & Loan Exiting Cannabis Banking BRATTLEBORO Brattleboro Savings & Loan has announced that it is withdrawing from offering banking services to Vermont’s cannabis industry. BS&L was one of the first Vermont financial institutions to join the State’s program to offer banking services to this sector. However, the regulatory requirements of serving businesses that the federal government still considers illegal have proven too costly at BS&L’s strategic scale. The federal government still classifies marijuana as a schedule 1 controlled substance, which is defined as having “a high potential for abuse, no currently accepted

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