Banks Face a $12 Billion Cannabis Payment Dilemma

Detailed texture backround of cannabis flower for dispensary in clear jugs

Many legal cannabis suppliers and retailers are being forced to operate in a cash-intensive market due to federal laws that limit access to traditional banking. This poses significant risk as cash-based industries, companies and trade can’t be properly monitored, regulated or taxed. And this is particularly concerning for the legal cannabis market that’s expanding to $12 billion in sales this year, with projections to reach $30 billion in four years . . . .

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