CFG Bank enters fast-growing medical cannabis market

The Baltimore Business Jnl reports

“Because of the federal rules, most banks won’t touch cannabis companies,” CEO Bill Wiedel said. “We saw a need in the marketplace.”

CFG Bank (CFGB) Tuesday announced its expansion into the cannabis market as one of the only banks in the area to serve this growing industry. The bank recently worked with a number of clients, including SunMed Growers and Curio Wellness, supporting their growth and expansion needs in response to demand increases. SunMed Growers is a medical cannabis grower …

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https://www.bizjournals.com/baltimore/news/2021/05/25/cfg-bank-enters-medical-cannabis-market.html

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