THE CHALLENGES OF NAVIGATING BANKING IN THE CANNABIS INDUSTRY

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Written by: Eric Singular To put it in no uncertain terms, every echelon of the cannabis industry is in desperate need of banking services. The global cannabis market needs access to institutional capital, and our post-COVID economy needs the stimulus offered by the legal cannabis industry. One of the greatest challenges the legal marijuana industry faces is managing cash and securing financial services. This prohibits the U.S. from keeping pace with nearly all of its neighbors in the Western Hemisphere in the new commercial global cannabis economy. The Hoban Law Group has long been a resource for industry operators who need assistance forging and maintaining banking and financing relationships, cash management, and legally transporting cannabis cash including.

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Written by: Eric Singular

To put it in no uncertain terms, every echelon of the cannabis industry is in desperate need of banking services. One of the greatest challenges the legal marijuana industry faces is managing cash and securing financial services. This is true for plant-touching businesses, ancillary service providers, and financial institutions.

The SAFE Banking Act is filled with hopeful possibilities. The global cannabis market needs access to institutional capital, and our post-COVID economy needs the stimulus offered by the legal cannabis industry.

It seems that the floodgate moment...

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