by LAURA ALIX | americanbanker.com | 2/22/18
With Massachusetts only months away from allowing the sale of pot for recreational use, the state’s top cannabis regulator is urging policymakers to consider creating a public bank to serve growers and dispensaries that might otherwise have nowhere else to bank.
As in many other states where marijuana is legal, banks and credit unions in Massachusetts have shown little inclination to provide services to the recreational marijuana industry out of fear that they might run afoul of federal laws.
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