The problem with Canada’s big banks and cannabis
In October 2018, Canada became the second country in the world to federally legalize cannabis. However, banks in Canada have been slow to work with the industry, making it difficult for businesses to access basic banking services.
This lack of access can create significant challenges for cannabis businesses, as they are forced to deal in cash and face higher security risks. Additionally, banks can refuse to work with businesses even if they are operating legally under state or federal law.
This lack of access to banking services is a major barrier for the cannabis industry, and it’s one that needs to be addressed in order for the industry to thrive.
Cannabis companies should not be penalized for operating in a legal sector.
Cannabis retail and manufacturing operations in Canada remain open and are currently being forced to deal solely in cash.
The lack of banking services available to the cannabis industry is a major barrier to its success. banks need to step up and work with the industry in order to help it thrive.
Cannabis businesses should not be penalized for working in a legal industry. banks
It is clear that banks in Canada have been slow to work with the cannabis industry, and this lack of access to banking services is a major barrier to its success. Cannabis businesses should not be penalized for working in a legal industry, and banks need to step up and provide the services that these businesses need in order to thrive.
#cannabis #news #international
Extracted from the live show: https://youtu.be/uY84QRnNUHs
Please be 21+ because this is about the legal & legitimately lawful (at the state level) cannabis industry.
🌱 We can help with your cannabis business. Get in touch here! (https://bit.ly/3jHLITp)
💰 Mastermind 10% Discount Code: AppDoneRight (https://bit.ly/3LXJf4S)
🔔 Subscribe to CLN for more cannabis content! (https://bit.ly/2VJUAQr)
💚 Become a member for exclusive perks! (https://bit.ly/2UavaLj)