Fewer Banks Working With Marijuana Business Clients Amid Coronavirus, New Federal Report Shows

The number of financial institutions servicing the marijuana industry declined again over the last fiscal quarter, new federal data shows, though there seem to be multiple factors behind that trend. The Financial Crimes Enforcement Network (FinCEN) reported last week that 695 banks and credit unions were working with state-legal cannabis businesses as of the end … Continue reading Fewer Banks Working With Marijuana Business Clients Amid Coronavirus, New Federal Report Shows