Alaska Credit Union Stops Serving Weed Businesses After Insurer Backs Out

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Summary

From Alaska to Washington DC, federal banking restrictions continue to cause migraines for state-legal weed businesses everywhere.

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Although the legal weed industry is quickly becoming one of the world’s most lucrative new markets, US law continues to prohibit banks and other financial institutions from servicing any business that deals with marijuana. As a result, state-legal weed businesses are forced to operate on a cash-only...

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