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Sunday, 08/18/2019 10:38:54 PM

Sunday, August 18, 2019 10:38:54 PM

Post# of 73930
Federal law prohibits FDIC-insured institutions from making loans to or accepting deposits from a marijuana company. Marijuana businesses typically have to work with private, state-chartered banks. One such bank — GRN Funds, located in Bellevue Washington — handles over $500 million in deposits from CBD companies on the West Coast. Canadian marijuana firms enjoy a competitive advantage because they have access to the international banking system and can legally transfer funds into banks in the United States in states where marijuana programs exist.

https://www.practicalecommerce.com/online-marijuana-sales-a-burgeoning-market-in-north-america