Bank of Montreal and Toronto-Dominion Bank are emerging as the banks of choice for Canada’s burgeoning marijuana industry, even as some lenders shun the sector.
Tag Archives: Accounts
A Las Vegas bank that had planned to offer accounts to medical marijuana businesses has backed off, citing the astronomical cost of complying with federal regulations.
MedMen Founder and Managing Partner Adam Bierman and Bloomberg’s Keri Geiger discuss cash from legalized marijuana sales and the banking industry.
The Oregon community bank that a week ago openly welcomed Colorado marijuana industry customers has changed its mind, publicly saying it doesn’t have the infrastructure to handle the overwhelming response for service.
Thirty-eight thousand people normally don’t just disappear. So when 25-year-old Shane Fairbrother signed in to Instagram one evening last week and discovered that his company’s account, @themedtainer, had been suspended.