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SAFE Banking Act Gains Cannabis-Friendly Spotlight In Congressional Hearing

PYMNTS

FEBRUARY 14, 2019

But banks, credit unions and card networks shy away from that industry, despite its revenue potential, due to concerns about federal regulatory punishment. Such prohibition could involve limiting FDIC protections for those deposits, for example, or trying to prevent loans to those businesses. billion worth of legal cannabis products.

Oregon 230
Oregon Colorado Operations Washington 230
article thumbnail

SAFE Banking Act Gains Cannabis-Friendly Spotlight in Congressional Hearing

PYMNTS

FEBRUARY 13, 2019

But banks, credit unions and card networks — understandably —shy away from that industry despite its revenue potential due to concerns about federal regulatory punishment. Such prohibition could involve limiting FDIC protections for those deposits, for example, or trying to prevent loans to those businesses. Cash Dangers.

Oregon 115
Oregon Colorado Operations Washington 115
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