Banks shying away from the cannabis trade

Fluence CEO and a leading lobbyist call for Congress to finally pass federal SAFE legislation that would put financial institutions more at ease with lending in the cannabis sector.

Cannabis lighting firms take note: As rapidly as the legal marijuana industry is growing, it is held back in the U.S. by a lack of federal action that would allow tens of thousands of firms to access banking services.

That view came across loud and clear in a recent installment of Fluence Unfiltered, an online video series in which David Cohen, CEO of cannabis lighting vendor Fluence, interviews a leading industry figure.