Bridging The Gap Between Dispensaries And Banks

Because marijuana is illegal federally, most banks won't take the money.

OREGON: In the first week of recreational pot sales, Oregon dispensaries raked in $11 million.

But the multi-million dollar question remains: Where should people in the industry be putting their money?

Because marijuana is illegal federally, most banks won’t take the money.

“We’ve been repeatedly turned down because our company is cannabis based,” said Dan of.

Last year the Justice Department gave the go-ahead to banks to do business with the industry. But many feel there’s still too much risk, leaving business owners to keep the cash in their shops or homes, and opening them up to criminals.

 

Read full article @ KGW.com

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