The Banking Problems Facing Cannabis Businesses

The Banking Problems Facing Cannabis Businesses In the early stages of state legalization, accessing and maintaining bank accounts emerged as the most pressing challenge for marijuana-related businesses. While regulatory frameworks have evolved and businesses have matured, banking obstacles remain prevalent. The stringent due diligence and reporting requirements imposed by banks on marijuana transactions continue to […]

The Rise of Cannabis Banking

The Rise of Cannabis Banking Despite being legalized in most U.S. states and DC, marijuana (or cannabis, weed, pot, you name it) remains federally illegal. It is classified as a Schedule 1 controlled substance, on par with illegal drugs like heroin. The possession, distribution or sale marijuana is a crime at the federal level. This […]

List of Cannabis Friendly Banks and Credit Unions

List of Cannabis Friendly Banks and Credit Unions Aegis Credit Union: more info “Aegis Credit Union belongs to over 3500 Member-Families that we serve. That means you decide what products we offer, our hours of service, and even who manages your credit union. That’s the real difference between a bank and a credit union. “ […]