Banking on the cannabis industry: What lenders need to know

~ Alfred Serrano

According to experts, spending on legal cannabis worldwide is expected to reach $57 billion by 2027. A major concern for legal cannabis businesses is their access to banking services.

Financial institutions have understandably been hesitant to get involved in providing services to the cannabis industry for fear of punishment from federal authorities. Due to conflicting laws and confusing guidance, the cannabis industry is a difficult landscape to navigate.

Below are questions and answers that may…

from Fort Lauderdale Real Estate News & Residential Real Estate News – Residential Real Estate News Headlines | Bizjournals.com & Banking & Financial News – Banking & Financial News Headlines | Bizjournals.com http://feeds.bizjournals.com/~r/industry_2/~3/5hXJwZcpwg8/banking-on-the-cannabis-industry-what-lenders-need.html
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Published by Alfred Serrano

Selling luxury homes is my job and this is what I love to do. I am dedicated to ensuring that all transactions proceed in a smooth, satisfying, and positive manor, from beginning to end, in order to make home buying a pleasant experience for you.

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