WeedWeek business columnist Dan Mitchell looks at the increasing untenability of weed’s banking situation in the Emerald Triangle:
It’s also a logistics problem. “Farmers are often remote and in less populated areas so access to banks and choice of banks is limited,” said Hezekiah Allen, chairperson of Emerald Grown, a growers’ cooperative. Fully legal businesses in rural areas don’t have much of a problem, but if there is only one local bank, and that bank won’t deal with cannabis companies, growers are out of luck, he said.
- MJBiz wonders if California’s many industry groups can work together.