Top photo: © Antonio | Adobe Stock
OKLAHOMA CITY - As state lawmakers continue to push a so-called “Unity Bill” on medical marijuana regulations, many in the cannabis business are left in limbo without new guidance for banking.
The bill is the product of nearly a year’s worth of negotiations among a bipartisan group of legislators tasked with addressing regulatory gaps in State Question 788.
From the beginning, banking within the medical marijuana industry has been a challenge. Most banks are federally insured and because marijuana is still federally illegal, most banks won't take money connected to a cannabis business.
