Even though adult-use cannabis is legal in eleven states, cannabis businesses have long struggled with obtaining a basic level of financial services, being forced to operate cash-only businesses. This is because banks can be blacklisted for providing accounts for cannabis businesses, due to the drug’s illegality at the federal level. This lack of access to banking options has led to doors being opened for businesses like Shield Banking and Compliance. Companies like these help cannabis businesses with banking, customer payments as well as remaining compliant with state and federal regulations.
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