420 with CNW — Banking Reform is Unlikely to Fix Marijuana Industry Payment Processing Challenges
For finance teams in the cannabis industry, managing payments often means navigating a complicated and uncertain system. Invoices are issued to retail customers, payment deadlines stretch out, and staff members juggle concerns over large electronic transfers, checks, cash deposits, and wire payments that have not fully cleared. At the same time, businesses must continue buying inventory, paying taxes, and maintaining banking relationships that can seem fragile. This challenge lies at the heart of wholesale cannabis payments. Public attention frequently focuses on cash transactions at dispensaries, yet the larger difficulties exist deeper in the supply chain. Growers, distributors, manufacturers, and operators with multiple locations regularly handle large-value transactions that…

















