Marijuana is one of the most rigorously overseen industries. Yet, it has no financial infrastructure. Imagine: Legal cannabis is a $10 billion industry doing every single transaction in cash. Cannabis businesses can’t bank like other businesses, because most major banks consider the industry risky — even though numerous states have legalized marijuana in some form, it’s still an illegal substance in the eyes of the federal government. Any bank that does decide to take on marijuana business could be charged with “aiding and abetting” a federal crime. This leaves cannabis business owners with no choice other than to deal in mostly cash, which creates public safety issues. Delivery drivers, like those who work for WeedMaps and greenRush, have an increased risk of being targeted for burglary. Cannabis retailers can’t bank like other businesses, so they are sending lobbyists to Capitol Hill

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