Decline in Number of Banks and Credit Unions Banking Marijuana-Related Businesses Appears to Have Leveled Off
By EsqSocial Corporation 08/03/21
In its most recent Marijuana Banking Update, the Financial Crimes Enforcement Network (FinCEN) stated that the decline in the number of banks and credit unions actively banking marijuana-related businesses (MRBs) in the United States “appears to have leveled off.” As of December 31, 2020, there were 684 banks and credit unions banking MRBs. That is slightly up from the previous quarter’s total of 677, although it’s still down from a peak of 747 in late 2019....
By: Ballard Spahr LLP