As of March 31st, 6894 credit institutions and banks filed reports insisting that they were already working with marijuana businesses. This is the same number of banks from the last quarter, although it hasn’t gotten to its peak in 2017, which was 747. So why the reduction i8n number?
Well, this slight reduction in 2020 was caused by FinCEN. FinCEN is an institution that is a part of the US Treasury Department and has stopped counting hemp-based enterprises in their three-monthly reports. This has been the situation since hemp was legalized under the Farm Bill of 2018. The bill contributed to the dip as opposed to other rising numbers from hemp-based bank accounts.
Let me put it another way: the United States government spent more than fifty years…
New Jersey’s THC beverage market is heading into the most consequential stretch of its short…
Mormon Wives star Mikayla Matthews says medical cannabis was “literally life-changing” for her nerve pain…
Chains reorder every two weeks and earn twice the discounts. Independents stock the same breadth…
We head to Canna Country Farms in Humboldt for Legendary Strains to discover the Ocimene…
Cannabis advocates should take the lesson here too. The industry doesn't need to inflate its…