Banking an emerging industry.
The banking sector is facing major economic disruption caused by the coronavirus pandemic. If you’re seeking new sources of low-cost deposits and non-interest income, it may be time to consider banking the booming cannabis industry.
While conflict between state and federal law has kept many banks on the sidelines, others have made serving this industry part of their growth strategy. These banks are rapidly gaining a first-mover advantage in states with legal cannabis programs.
