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Banks increasingly serving cannabis industry even without reform


The cannabis industry experienced a 62% year-over-year jump in banking options in the federal government's most recent quarter. The number of banks and credit unions actively serving the marijuana industry totaled 715 in the U.S. government's fiscal third quarter, which ended June 30, federal data shows. The data reflects a healthy increase in the number of financial institutions serving the cannabis industry, even when accounting for the roughly 35% growth in legal medical and recreational ca...

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