420 with CNW — Study Finds Banking Activity Grows Once a State Legalizes Cannabis
Cannabis businesses often find it difficult to get banks willing to take them on as clients because of the risks posed by the federal prohibition of marijuana. Now new research has found that once a state legalizes cannabis, banking activity increases. While the study doesn’t directly link increased banking activity and state-level cannabis reform, it does imply the existence of the relationship. The study was conducted by researchers from Drexel University, the University of Arizona, Scripps College and San Diego State University. For their study, the researchers looked into banking trends in states that have legalized marijuana, examining the Federal…

















