September 25, 2024

Banking failures are hitting weed companies, too

 Banking failures are hitting weed companies, too

US companies that deal directly with cannabis, a federally illegal substance, are already shut out of large banks. So these companies have increasingly found support in an estimated 200 to 700 smaller financial firms that serve them, including state-chartered…

Crypto isnt the only edgy new industry being roiled by the collapse of several banks.US companies that deal directly with cannabis, a federally illegal substance, are already shut out of large banks….