The US cannabis industry’s one big problem: Too much cash

By Business and Economy

The US cannabis business has a very particular cash flow problem – too much of it.

Marijuana can be sold legally in 36 US states and the District of Columbia (DC) for medical use and in 15 of them and in DC for recreational purposes. But it is still illegal on a federal level, meaning most banks refuse to service the industry in case they fall afoul of money laundering laws.

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