Cash-roll on cannabis. Photo Credits Christopher Jones Currently, cannabis remains illegal under federal law. As a result, financial institutions do not provide banking or transaction services for legal cannabis-related businesses. It leaves the cannabis industry to work on a cash-only basis. According to the American Bank Association (ABA), any cannabis business … [Read more...] about The SAFE Banking Act can aid the Cash-Only Industry
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Brother Processing Services, Filling the Industry’s Financial Service Gap
Written by John Lee Most financial establishments consider the cannabis industry high risk. As such, cannabis businesses struggle to make deals with banks and other businesses. Luckily, as the industry grows, some recognize the needs of these up-and-coming businesses and are rising to meet the demand. Brother Processing Services is one such company that believes in the … [Read more...] about Brother Processing Services, Filling the Industry’s Financial Service Gap
