Author: Joe Silvia

[ad_1] By Joseph E. Silvia Businesses of all kinds depend on financial services provided by banks, credit unions, and other depository institutions to operate and grow their businesses.  Cannabis related businesses are no different. Even as a majority of states have legalized various form of cannabis, whether hemp, marijuana, or CBD, most businesses directly and indirectly involved in the cannabis industry (“cannabis related businesses”) continue to the search for banking relationships. While some financial institutions are currently accepting deposits, lending money, and providing limited financial services to cannabis related businesses, they are the exception and not the rule. In most…