Why legal US cannabis businesses can’t use banks
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Why legal US cannabis businesses can’t use banks

Cannabis is legal in nearly two-thirds of American states, but many legal marijuana businesses are forced to operate without a bank account.

California became the largest state in the US to legalise recreational cannabis use on 1 January 2018, but because at a national level it's still illegal any bank that handles cannabis money can be charged with money laundering.

  • 27 Feb 2018