New Congressional Report Highlights Perils Of Cash-Only Transactions For Cannabis IndustryLicensed state-legal cannabis businesses are facing significant challenges, due the the lack of banking access, suggested a report published by the Congressional Research Service (CRS) on Tuesday. “If cannabis businesses are unable to access traditional financial services, they may face higher borrowing costs and may be heavily reliant on cash transactions, making them a target for theft,” the researchers said, reported by Marijuana Moment. The congressional researchers shed light on the distinctive finan…
