$SING Historically, marijuana-related businesses

$SING Historically, marijuana-related businesses have been caught in a sort of gray area, as, although individual states have begun to legalize the drug for either medicinal or recreational use, it is still illegal on a federal level. As a result, most banking institutions operating in multiple states, and thereby subject to strict federal regulations, have steered clear of the burgeoning industry. The result has been more than a mere inconvenience for dispensaries and other companies like them, as they’ve been forced to function as all-cash businesses, adding considerable risk and security concerns to their operations.

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