Banking on pot in Pennsylvania
Financial institutions should do business with legal marijuana
sellers
By James F. Bauerle
August 15, 2017
Sales of $150 million are expect... Read More...
15 August 2017
2017-08-16 10:36:53
Banking on Marijuana: not yet
Medical marijuana sellers in Pennsylvania will have to deal in cash for now
By James F. Bauerle
Pennsylvania's nascent medical marijuana trade has would-be entrepreneurs cuing up to cash in. What few of them know is they won't have anywhere safe to put the cash. Banks cannot take it in as deposits because of a conflict between state and federal law.