The coronavirus pandemic has added another wrinkle to navigating state versus federal regulations when it comes to gaining access to banking services by marijuana-related businesses.
Before the pandemic, more than half the states in the U.S. had authorized some form of legalized marijuana use.
In response to the coronavirus, most of these states with legalized cannabis have declared marijuana sales to be “essential,” and said those businesses should remain open, or at least offer delivery or curbside pickup.
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David Cotney ~ AmericanBanker.com ~
