The problems with cannabis-related businesses obtaining banking and payment processing services have been well documented. The issue has led to many dispensaries in states with legalised cannabis to operate on a cash-only basis, leaving their employees at risk of being robbed. However, the problem runs much deeper than cannabis dispensaries and uniquely affects the CBD industry.
This report addresses the reasons why the problem persists, what can be done in the current climate, and what might be done to address the problem.
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Table of contents
- Executive summary
- Introduction
- Legal background
- Some guidance provided
- CBD more problematic than cannabis?
- CBD product type matters
- How big is the problem?
- What can be done now
- Long-term solutions
- Regulatory guidance needed
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Erik Galavis
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