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Home 🌿 Marijuana Business News 🌿 US Senate Vote Could Finally Allow Cannabusinesses Banking Access 🌿US Senate Vote Could Finally Allow Cannabusinesses Banking Access
It’s been a couple years now since Colorado and Washington first legalized recreational use and sale of marijuana. In that time we’ve seen lots of changes, but one of the most important things that needs to change, but simply hasn’t, is the lack of banking access for cannabis companies.
One of the most dangerous things about the current legal status of marijuana is the continued cash-only nature of the business. Dispensaries operating in big cities like Denver or Portland face a much higher risk of robbery than the smaller towns, but for each and every one of them it should be considered a very real possibility.
There are so many possible bad scenarios with moving this much money in cash bills – after all, in each state marijuana sales are pretty much a multi-million dollar industry and none of it is paid for with credit or debit cards of any...
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