By 420 Intel on Friday, 08 October 2021
Category: Business News - 420 Intel

For legalized marijuana, banking woes persist

 

Nearly three years after Missouri voters legalized medical marijuana across the state, the cannabis industry in St. Louis appears to be thriving, with state-regulated dispensaries popping up throughout the region. But managing the money side of things has proven a struggle for many distributors and growers — even though their businesses are fully legitimate. That’s because many banks won’t accept their money, or insist on charging them significant fees if they do.

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