Safe and Responsible Banking Alliance
Safe and Responsible Banking Alliance

Discord between State and Federal Laws

The majority of states allow some form of legal cannabis consumption.

                                                  47 

States have laws acknowledging the medical benefits of medical cannabis.

                                                  33 

States have enacted legislation that allows for the production and sale of medical cannabis.

                                                    9

States allow for the sale of cannabis to adults for personal (recreational) use.

  

Patients, caregivers, and businesses are currently forced to:

  • Operate and purchase using cash alone; 
  • Turn to one of the existing lending institutions (approximately 486 are known) that are either publicly or discreetly serving marijuana-related businesses; or 
  • Use alternative debit programs specifically created for marijuana-related transactions.  

Source: Marijuana Policy Project, November 2018

Source: Marijuana Policy Project, November 2018