Treasury Report: Growing Number of Banks File Paperwork To Provide Services To State-Licensed Cannabis Businesses
Washington, DC: Over 800 banks and credit unions have filed paperwork with the US government acknowledging their relationships with licensed cannabis businesses, according to quarterly data provided by the US Treasury Department. The total is an uptick from last year’s figures. At that time, the agency identified 553 banks (about 11 percent of all US banks) and 202 credit unions … Read more