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Marijuana And Banking: Why It’s A Public Safety Issue

Submitted by Marijuana News on Wed, 08/05/2015 - 08:47

In our increasingly cashless economy it can be a genuinely upsetting experience to get to the check-out counter to see a sign that reads “CASH ONLY”, but if you’ve ever participated in the marijuana economy you know this is just the current cost of doing business in a quasi-legal marketplace. However, some are concerned that this is more than an issue of inconvenience; access to banking is an issue of public safety.

Marijuana has been dubbed the “next great American industry”, with growth numbers projected to soon eclipse all major sport leagues combined. Since legalization came to Colorado and Washington in 2012, everyone with some spare capital is looking to get into the weed game with hopes of turning green into gold. However, as those who are in the cannabis industry can tell you, marijuana sits in a very interesting place politically and economically. Marijuana may be legal in various forms...

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