Oregonians Support Cannabis Banking Over Big Tobacco Banking
Anyone involved in the cannabis industry knows that the lack of access to banking services is one of the major issues plaguing the burgeoning industry. Actually, it is a real testament to the quality of the industry that businesses have been able to survive at all with such few banking options. Add on the 280e federal IRS tax provision that denies normal deductions for even state-legal-and-regulated businesses and it is amazing that cannabis businesses have been able to stay afloat at all.
Thankfully, we are seeing progress at the federal level on the cannabis banking issue and a new poll by DHM research shows that Oregon voters overwhelmingly support cannabis businesses access to banking services. This recent survey follows a previous DHM poll that found that 61% of Oregon voters supported legalization, two years after 56% voted to regulate marijuana by passing Measure 91.
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