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BANKING’S “EPICENTER OF RISK”

WeedWeek business columnist Dan Mitchell looks at the increasing untenability of weed’s banking situation in the Emerald Triangle:

It’s also a logistics problem. “Farmers are often remote and in less populated areas so access to banks and choice of banks is limited,” said Hezekiah Allen, chairperson of Emerald Grown, a growers’ cooperative. Fully legal businesses in rural areas don’t have much of a problem, but if there is only one local bank, and that bank won’t deal with cannabis companies, growers are out of luck, he said.

Read the whole thing.

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