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Missouri's New Medical Marijuana Industry Puts Banks In A Tough Spot - Cannabis News

Banks are in the business of making money, and the medical marijuana industry is expected to generate a lot of it.

Robbie Guard sees a green opportunity in Missouri’s newest industry — medical marijuana.

He runs the Cape Girardeau office for MRV Banks. The 13-year-old institution has just three locations along the Missouri side of the Mississippi River.

As a relatively young bank with a small footprint, it struggles to bring in new accounts. Guard hopes the newly legal medical marijuana industry will change that.

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