Cannabis Banking for Legal Cannabis Businesses: Part 2 THE GUIDANCE The recent Treasury Department Guidance was hailed as happy news. It was reported this was finally the reassurance banks needed from the federal government to open their doors to legal cannabis dispensaries. Four months and only a handful of banks are offering bank accounts to legal..
Banking in the Cannabis Industry An Ongoing Discussion May 22, 2014 It was thought that with the Valentines Day Guidance from the Treasury and Department of Justice would allow banks to relax their tough stance against banking with the legal cannabis industry but three months on there is no movement. Except for rumors— “Visa and MC..