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Banking still drag for pot industry | The Arkansas Democrat-Gazette - Arkansas' Best News Source

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. ....

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New era for pot regulation leaves old problem: Many can...

New era for pot regulation leaves old problem: Many can...
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New era, old problem: Pot companies can't find banks

New era, old problem: Pot companies can't find banks
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Marijuana: Many cannabis companies can't find a bank

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. ....

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