marijuana banking

Marijuana banking refers to the challenges and solutions surrounding financial services for the cannabis industry. Despite legalization in many states, cannabis remains illegal federally in the U.S. This creates complications for dispensaries and growers in accessing traditional banking services, such as opening bank accounts or securing loans. As a result, many cannabis businesses operate in cash, which poses security risks. Some banks are beginning to offer services to these businesses under strict regulations, yet the overall landscape remains complex, with ongoing debates about federal legislation to provide clearer banking guidelines for the industry.