Government,
Banking,
Administrative/Regulatory
Mar. 12, 2018
Lack of banking solutions leaves cannabis businesses high and dry
Marijuana businesses and their advocates trying to recover from a recent federal action that spooked traditional banks are exploring the idea of public banks to do their business.
Marijuana businesses and their advocates trying to recover from a recent federal action that spooked traditional banks are exploring the idea of public banks to do their business.
Public banks, financial institutions owned by public entities such as a state or city, have been around in one form or another for 200 years. The first ones were created in the 19th century so states could provide more immediate, fairly priced financial ser...
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