USA: MJ Biz Infographic of the Week: Spike In Financial Institutions Serving The Cannabis Industry

Here’s the infographic


They write…

The number of banks and credit unions providing services to marijuana businesses has grown dramatically over the past 24 months, providing some much-needed relief to the cannabis industry.

In March of this year, 301 financial institutions were working with marijuana companies, according to federal data obtained by the Associated Press.

That’s up from just 51 in March 2014 and a three-fold increase from later that year, when an estimated 100 banks and credit unions worked with the industry.

The increased access to banking services is no doubt an immensely positive development for the industry.

But cannabis companies still face many challenges on this end.

Also  3 May 2016 – Civilized followed up on the story

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