Entering the cannabis banking market
Independent Banker
OCTOBER 1, 2022
When Oklahoma legalized the sales of cannabis for medicinal purposes in 2018, executives of $550 million-asset Blue Sky Bank in Tulsa, Okla., Cogent Bank discovered that some merchant credit card providers code transactions in a way that masks what the CRB-related transaction really is in order to claim that they’re compliant. “We
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