Cannabis industry says access to banking services ‘can’t happen soon enough’
Cannabis industry insiders say a push by federal lawmakers to allow banks to provide services to pot shops in states where they are legal “can’t happen soon enough.”
“Access to banking and capital is probably the largest barrier of entry for getting into this industry,” said David Torrisi, president of the Commonwealth Dispensary Association.
As a haze of marijuana legalization has spread across the nation, banks have generally been unwilling to do business with companies that sell marijuana or related products, which are still illegal under federal law.
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