Advertisment: OHP » OHP Order 112 » CBT ROS Banner 970x250 July 2025 » ohp-april-botanigard.Xr9R0z1R68.gif.avif

States Find You Can't Take Legal Marijuana Money To The Bank


Noelle New Headshot Fmt Headshot

Editor's Note: This issue needs to be a priority for the government, as they are creating dangerous situations for thousands of people who are forced to stockpile large amounts of cash. It's also a reason security is so important for dispensaries and why Cannabis Business Times just released a new report: "Beyond Compliance: A Comprehensive Guide to Security for Cannabis Businesses" ($79). 


The nation’s rapidly expanding legal marijuana industry, which operates in 23 states and the District of Columbia, enters a new year facing a multibillion-dollar question: What to do with all the millions in cash it collects each week?

Advertisment: Cannabis Business Times » Cannabis Business Times Best Cannabis Companies to Work For » CBT Best Companies 2026 ROS Parallax Reveal » bcc-ads-730x570
Advertisment: Cannabis Business Times » Cannabis Business Times Best Cannabis Companies to Work For » CBT Best Companies 2026 ROS Parallax Reveal » bcc-ads-730x570

Nearly all of the nation’s banks refuse to take money from marijuana sales or offer basic checking or credit card services to the industry for fear they’ll be shut down by federal authorities, for whom marijuana remains an illegal narcotic. The banks won’t do business with growers, processors, retail shops and medical dispensaries, nor with their employees and contractors.

Advertisment: Hanwha Vision » Hanwha Vision Order 78 » CBT ROS 300x250 Medium Rectangle July 2025 » D53_Cannabis-Business-Times_300x250_v1

“It’s the biggest problem we have,” said Taylor West, deputy director of theNational Cannabis Industry Association, many of whose 800 members are awash in $5, $10 and $20 bills and change and no bank to put them in.

Advertisment: Hanwha Vision » Hanwha Vision Order 78 » CBT ROS 300x250 Medium Rectangle July 2025 » D53_Cannabis-Business-Times_300x250_v1

Read more

Advertisment: Hanwha Vision » Hanwha Vision Order 78 » CBT ROS 300x250 Medium Rectangle July 2025 » D53_Cannabis-Business-Times_300x250_v1
Advertisment: Hanwha Vision » Hanwha Vision Order 78 » CBT ROS 300x250 Medium Rectangle July 2025 » D53_Cannabis-Business-Times_300x250_v1
Page 1 of 656
Next Page
Advertisment: Greentank » Greentank Order 111 » CBT ROS Mobile Adhesion 360x120 July 2025 » GT AC ADS 600X200@2x