Banking and Lending

Marijuana businesses looking to stash their cash face tight regulation in the banking industry, with federal regulators requiring banks to file “marijuana limited” suspicious activity reports; proposals for cannabis credit coops are stymied by the need for approval from the Federal Reserve.

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Cash on Hand: The Cannabis Business and Banking

By Robert l. Elam

Most marijuana businesses are currently denied access to banking services, largely because financial institutions, fearful of potential money laundering, criminal charges, or losing their FDIC coverage, refuse to offer them. Robert Elam explores this problem and the efforts that have been made to address it, in the latest issue of CEB's California Business Law Reporter.

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The First Bank of Bud

By Matt Richtel

Marijuana is legal in Colorado, but federal law makes banking nearly impossible for the cannabis industry. The result: a dangerous all-cash operation that requires armed guards and layers of security.

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Web Site: America's Weed Rush

This investigation of marijuana legalization in America is the 2015 project of the Carnegie-Knight News21 program, a national multimedia investigative reporting project produced by the nation’s top journalism students and graduates.

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