Oregon’s MBank Now Nixing All Pot Accounts After Colorado Plan Fizzled

Marijuana is big business

OREGON: Just two months after Oregon-based MBank pulled back on a promise to work with the marijuana industry in Colorado, the $170-million institution said it is dropping its cannabis clients entirely. CEO Jef Baker said MBank doesn’t have the “resources necessary to manage the compliance” requirements for banks maintaining accounts with legal marijuana businesses. But others Read the full article…