An estimated 30 percent of the marijuana-related businesses in states with some form of legalized pot are getting banking services even with high regulatory hurdles, writes attorney Lewis Cohen.
November 22, 2016 at 10:00 AM
1 minute read
Voters in Florida have approved Amendment 2, which amends the state Constitution to allow for medical uses of marijuana.
The vote brings the number of states that have legalized either medical or recreational use of marijuana to 28. Yet banks remain resistant to providing financial services to the cannabis industry in those states where its use has been legalized.
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