No evidence of widespread bank crackdown on cannabis advocacy groups, observers say

By Omar Sacirbey A major bank’s decision to close accounts tied to the Marijuana Policy Project and NORML put cannabis advocacy groups on high alert, with some fearing the start of a concerted attack on the MJ movement by the Trump administration. But the groups say it appears those initial fears were overblown. The closures seem to have been isolated to PNC Bank, the nation’s sixth-largest financial institution. In June, PNC pulled an account belonging to the Marijuana Policy Project (MPP), saying it “couldn’t afford the risk.” A month later, the Pittsburgh-based bank <a href="https://mjbizdaily.com/pnc-shutters-marijuana-groups-ohio-bank-account/" ... No evidence of widespread bank crackdown on cannabis advocacy groups, observers say is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

No evidence of widespread bank crackdown on cannabis advocacy groups, observers say

By Omar Sacirbey A major bank’s decision to close accounts tied to the Marijuana Policy Project and NORML put cannabis advocacy groups on high alert, with some fearing the start of a concerted attack on the MJ movement by the Trump administration. But the groups say it appears those initial fears were overblown. The closures seem to have been isolated to PNC Bank, the nation’s sixth-largest financial institution. In June, PNC pulled an account belonging to the Marijuana Policy Project (MPP), saying it “couldn’t afford the risk.” A month later, the Pittsburgh-based bank <a href="https://mjbizdaily.com/pnc-shutters-marijuana-groups-ohio-bank-account/" ... No evidence of widespread bank crackdown on cannabis advocacy groups, observers say is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs