Skip to content Skip to navigation

More Banks accepting Marijuana Businesses

Federal data show that the number of banks and credit unions across the country willing to handle pot money under Treasury Department guidelines issued two years ago has jumped from 51 in March 2014 to 301 last month.

More than three years into Washington's legal pot experiment, a large majority of businesses are paying taxes electronically, a sign of better access to bank accounts. The state is even poised to require electronic payments unless the shops can show a good reason to pay in cash.

Article Link: 
Article Source: 
AP
category: