Legitimate Banks Are Starting to Work with Weed Companies, Despite Prohibition

Merry Jane
Oct 9, 2019, 3:54 pm332 pts
Over the past year, the number of banks and credit unions now serving the cannabis industry has grown by 62 percent, even though the federal government strictly prohibits these institutions from handling funds connected to what it deems an illegal drug. By June 30, the end of the most recent federal fiscal…

Read Article Share
Share Article
- email
- twitter
- facebook
- pocket
- reddit
- tumblr
- linkedin
- pinterest

Trending Today on NewsBudz

HYTN Secures Cannabis Drug License, Advancing Pathway for Prescription Cannabinoid-Based Medicines 78

Florida’s Cannabis Market Is Crumbling 77

Congressional Lawmakers Approve Bill To Block Justice Department From Rescheduling Marijuana 76

Pure Sunfarms Publishes Unique Cannabis Potency Research in Scientific Reports 74

Cannabis Reform Group MPP Names Adam J. Smith Executive Director 74

Flowhub launches new online cannabis ordering platform 73

US Congressman Denounces ICE’s Claim He ‘Doxed’ Federal Employee at Cannabis Raids 72

Senate advances bipartisan proposal to ban most hemp-derived THC products 69

About NewsBudz

NewsBudz is your go-to app for daily cannabis news, covering everything from medical marijuana breakthroughs to recreational cannabis trends and legalization updates.

Our platform aggregates content from over 30 top-tier cannabis news outlets to deliver a curated stream of the latest headlines, insights, and developments across the marijuana and hemp industries.

Whether you're interested in policy reform, health research, cannabis business, CBD, delta 9 products or lifestyle stories, NewsBudz keeps you informed and connected. Accessible on the web and mobile, NewsBudz makes it easy to explore, read, and share cannabis news anytime, anywhere.