Posts in Category: Legalized Marijuana

Blog Post List

Community Banking and Marijuana Decriminalization 

by Terence Cawley, Liability Claims Manager, ABA Insurance Services

Substantial sales are being generated in states that have allowed legalized marijuana sales and passed decriminalization measures. Marijuana-related businesses (“MRB’s”) in these states need to receive suitable banking services. While a number of banks are willing to establish banking relationships, many are unwilling to do so, preferring to let the dust settle. What do banks need to understand before establishing MRB relationships?

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Community banking and the “Green Rush” 

Why banks resist the urge to service marijuana-related businesses
Dec, 2015 Categories: Legalized Marijuana SafeTalk Spotlight

The opening up of the market for recreational and medical marijuana is so lucrative that it has been dubbed the “Green Rush.” Marijuana-related businesses in these states, like most businesses, need to receive suitable banking services; however, banks are generally unwilling to establish and fulfill these banking relationships.

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