Banking for Marijuana Businesses on the Rise
Garvey Schubert Barer - Cannabis Business
JULY 3, 2017
The Financial Crimes Enforcement Network (“FinCen”) issued a Marijuana Related Business update in June with data from the first quarter of 2017. FinCen reports that the number of depository institutions that are actively banking marijuana businesses increased to 368 by the end of March of 2017. This is an approximate 22% increase from the end of March 2016.
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