(as of May 22,2022 05:35:41 UTC – Details)
This book provides clear guidelines for establishing a program and is highly recommend as a stepping-off point for financial institutions seeking to enter the world of marijuana business banking. After Colorado voters approved the sale and use of medicinal and recreational cannabis, the state’s landscape was changed.
Enter Safe Harbor Private Banking. Concerned about the risks a cash-based industry poses to public safety, it plunged into cannabis banking determined to make money off the streets and to offer law-abiding businesses a port in a turbulent sea. Its experiences serving the cannabis industry offer a primer for other bankers considering a similar program and for policymakers and regulators eager to bring stability to a topsy-turvy marketplace.