The cannabis industry is evolving rapidly and so should your perception of banking. I recently attended the Second Annual State of the Cannabis Industry Conference, in Massachusetts. The event was organized by the cannabis law practice of Burns & Levinson and by Viridian Capital Advisors, a financial advisory firm dedicated to the cannabis industry, with […]
Credit unions
FinCEN: Steady Upward Trend of More Commercial Banks Working With Cannabis Businesses
The cannabis banking conundrum is getting better.. but still has a long way to go. That is the finding of recently released information by the Financial Crime Enforcement Network (FinCEN) that charted cannabis banking activity from January, 2014 to March, 2017. The FinCEN report showed that depository institutions that provided banking services to marijuana-related businesses […]
