The quantity of industrial banks, credit unions or savings institutions supplying the solutions grew from 337 in January 2017 to 715 in June 2019, as the market expanded with the start off of legal recreational marijuana sales in Nevada, Massachusetts and California, according to information from the Economic Crimes Enforcement Network (FinCEN), a regulatory agency below the Treasury Division.
“We’re now hearing it, and we are seeing it,” stated Sammy Dorf, founder and chief development officer of Verano Holdings. “The new catalyst may well be coming and that would drive the markets for the development of cannabis market.”
Published: October 14, 2019
The post The Cannabis Market Is Underbanked—But That’s Lastly Altering appeared initially on L.A. Cannabis News.