Large Banks Say Cannabis Business Risks Still Outweigh Benefits

The nation’s largest banks aren’t willing to work with cannabis businesses because the risks of working with a product that’s federally prohibited outweigh any benefits, executives with the financial institutions told Bloomberg. Citigroup, JPMorgan Chase, KeyCorp and Wells Fargo all said they won’t consider working with marijuana companies because it’s still federally illegal despite the […]

Large Banks Say Cannabis Business Risks Still Outweigh Benefits is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs