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The CUInsight Experience podcast: Leo Ardine - Create space (#150)

Thank you for tuning in to episode 150 of The CUInsight Experience podcast with your host, Randy Smith, co-founder of CUInsight.com. This episode is

Rachel Pross, Author at CUInsight

Pot Sellers, Shunned by Banks, Stash Cash; a 'Recipe for Disaster'

The U.S. cannabis business has a very particular cashflow problem too much of it. Marijuana can be sold legally in 36 U.S. states and the District of

SLANG Worldwide : U.S. pot sellers stash cash as banks leave them high and dry

The U.S. cannabis business has a very particular cashflow problem too much of it.. | May 24, 2021

U.S. pot sellers stash cash as banks leave them high and dry - Netscape Money & Business

U.S. pot sellers stash cash as banks leave them high and dry By Shariq Khan (Reuters) - The U.S. cannabis business has a very particular cashflow problem too much of it. Marijuana can be sold legally in 36 U.S. states and the District of Columbia (D.C.) for medical use and in 15 of them and in D.C. for recreational purposes. But it s still illegal on a federal level, meaning most banks won t service the industry in case they fall afoul of money laundering laws. With the COVID-19 pandemic and increasing legalisation driving a surge in cannabis use, the sector s producers, manufacturers and retailers are awash in cash, adding risk and costs to the most basic business transactions from paying employees and filing taxes to finding somewhere to store their income.