Chart: More banks serving cannabis sector, but Cole Memo repeal threatens to slow progress

The number of banks and credit unions actively serving the marijuana industry has jumped nearly 30% from a year ago. But U.S. Attorney General Jeff Sessions’ decision to repeal the Cole Memo may prevent further involvement by banking institutions looking to work with cannabis-related businesses. According to the latest report issued by the Financial Crimes … Continue reading Chart: More banks serving cannabis sector, but Cole Memo repeal threatens to slow progress