Recreational marijuana is now legal in 16 states - with medical usage legal in 36. It's now a thriving billion-dollar industry in those states -- but it remains in an uncertain position, heavily reliant on cash and with uncertain prospects for banking partners due to the continued federal prohibition. The challenges are more difficult than some industries, to be sure; due to … [Read more...] about Continuing the Growth of Cannabis Banking
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Emerging Cannabis Market Presents Opportunities for Payments Trailblazers
In January 2020, Illinois joined 10 other states in the country (along with the District of Colombia) by legalizing recreational marijuana. While this has presented an immediate business opportunity that many have taken advantage of, the continued federal ban on the drug has led to unique challenges for both business owners seeking ways to process payments, as well as for … [Read more...] about Emerging Cannabis Market Presents Opportunities for Payments Trailblazers