The U.S. cannabis business has a very big problem. Too much cash! Although marijuana can be sold legally in dozens of states, it’s still illegal on the federal level, so most banks won’t service the industry. And, with a surge in sales during the pandemic, producers, manufacturers, and retailers are all awash in cash – creating all kinds of problems and risk for these businesses. How to account for it? Where to keep it? How to move it? Etc.
https://wtvbam.com/2021/05/24/u-s-pot-sellers-stash-cash-as-banks-leave-them-high-and-dry/
