$SING In 2014, the U.S. Treasury Department took

$SING In 2014, the U.S. Treasury Department took a step toward easing these woes when it gave the green light for banks to offer their services to the rapidly-expanding legal marijuana industry. Despite requiring that the banks continue to report any suspicious activity specific to the marijuana industry to federal authorities, the measures have played a role in decreasing banks’ wariness, and industry statistics show that the number of financial institutions that accept accounts from marijuana-related businesses has growth from just 51 to more than 300 over the past two years. Likewise, a survey by Marijuana Business Daily found that roughly 40 percent of businesses in the cannabis industry now have bank accounts. For Singlepoint and SingleSeed, this changing tide is key to forward plans.

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