Release Date: November 23, 2020
Estimated Duration: 90 minutes
Combined with other changes, including medical cannabis, we now have twenty-nine states offering some type of legal or decriminalized cannabis policies. These voter approved initiatives have established a new industry, legal within a state, but still illegal at the federal level. Now financial institutions need to make decisions on how to address this in their policies. This is not only related to banking a cannabis related business, but what about employees of that business, who may also be accountholders? Join WesPay to better understand why it is important for you to have a policy around banking this industry, even if you have no intention of promoting the business.
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