Decline In Banks Working With Marijuana Businesses Has ‘Leveled Off,’ New Federal Data Shows

Marijuana Moment
By Kyle JaegerMar 4, 2021, 11:28 am225 pts
The number of banks and credit unions that report servicing marijuana businesses seems to be stabilizing, according to new federal data. For three quarters in a row, those numbers were consistently declining—due partly to revised reporting requirements from the Financial Crimes Enforcement Network (FinCEN) and…

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