Cannabis Industry Faces Obstacles to Banking, but That May Be Changing

Watch: “We need all the services that most businesses use.” U.S. cannabis business owners say it’s time for the legal industry to have access to traditional banking services.

5/13/2021 3:00:00 AM

Watch: “We need all the services that most businesses use.” U.S. cannabis business owners say it’s time for the legal industry to have access to traditional banking services.

Cannabis companies in the U.S. lack access to banking and other financial services because the drug is federally illegal. That could change through new legislation or thanks to broader legalization efforts backed by the Democratically-controlled Senate. Photo Illustration: Laura Kammermann

Read more: The Wall Street Journal »

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