Florida bank opens its arms to medical marijuana businesses

A bank has taken the unusual step of embracing medical marijuana businesses in Florida. Orlando-based First Green Bank has opened accounts and granted financial services to six of Florida’s seven licensed MMJ producers, according to The Palm Beach Post. First Green Bank’s services include accepting large cash deposits from marijuana firms and – without touching the money – transporting the funds straight from the business to a Federal Reserve location via armored trucks. The bank – which apparently is the only Florida financial institution working with medical cannabis businesses – has already taken in $30 million in ... Florida bank opens its arms to medical marijuana businesses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs