Out In Front
Contact Us
Contact Us

Banking for Marijuana-Related Businesses: What’s Next?

Marijuana Money: Can We Take It to the Bank? The Future Is Hazy

Get the full report: $499

Buy Now

Download instantly. Secure online checkout via PayPal.

Strong state legalization trends continue for marijuana, for both medical and recreational use. The market is massive – and growing – as marijuana-related businesses (MRBs) generate ever-increasing revenues. Nationwide, the market was $10 billion in 2018 and is poised to reach over $23 billion by 2022.

But where does the money go? Although federal enforcement has decreased for sale and use, federal laws prevent MRBs from using the same banking channels that are routine for other industries. And the government still enforces anti-money laundering, securities, and tax laws.

Savvy MRBs – and organizations that work with or advise them – will keep their fingers on the pulse of developing solutions. Understanding current regulations, alternative payment options, and where banking is going are critical first steps in evaluating whether investing/selling into the marijuana space makes good business sense for your organization.

Our assessment provides insight into the considerations that organizations should be aware of early in the decision process to offer products or services that support marijuana production, distribution, or sales. The key is educating leadership on the state of the banking industry and nuances to be aware of to successfully navigate the challenges.

After reading this report, you will be able to:

  1. Understand why banking is one of the marijuana industry’s top pain points
  2. Identify risks even businesses that are ancillary MRBs are susceptible to regarding money and revenue.
  3. Learn about what money management options are available to navigate the risks.
  4. Stay up-to-date on key federal and state legislation and regulations

There is tremendous opportunity in the space – but lack of knowledge on how to navigate the banking realities could be a huge misstep. Let our study on marijuana and banking provide crucial guidance so you can make the most informed decisions!
 

Get the full report: $499

Download instantly. Secure online checkout via PayPal.

 

Buy Now

Sample pages from report:

Table of contents:

  • Executive Summary – 4
  • Detailed Discussion – 8
    • Marijuana Industry Overview – 9
    • Money Management for the Marijuana Industry – 13
    • Marijuana Banking Legislation and Regulation – 22
    • Future of Marijuana Banking – 28
  • Appendix – 31
    • Cannabis Banking Guidance, California Dept. of Business Oversight – 32
    • References & Resources – 36

Get the full report: $499

Download instantly. Secure online checkout via PayPal.

Purchase now via PayPal to download:

Purchased this report previously? Fill out the form to the right with your order details and we'll re-send the report to you!

MENU

Proactive Worldwide