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Cannabis industry deeply concerned by recent bank failures.

© Darren415 / iStock

Due to federal regulations, the cannabis industry only has access to state and local banks. The fear is that those banks may be in a similar position as failed Signature Bank, Silicon Valley Bank, First Republic Bank and others. Without state and local banks, the cannabis industry has limited banking—and loan—options especially in these tight economic times.

For more in-depth information, go to the Insurance Journal article.


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