Thursday, October 23, 2025
MWH
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop
No Result
View All Result
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop
No Result
View All Result
Marijuana with Hemp
No Result
View All Result
Home Business

Just how many banks are working within the marijuana industry?

Graham Cooper by Graham Cooper
October 2, 2025
in Business, Featured
Share on FacebookShare on Twitter
70

We’re in the midst of some deep anticipation in the marijuana world, with Trump teasing some movement on rescheduling. If he does end up rescheduling marijuana to Schedule III, banks would be able to work with marijuana companies without any fear of retribution from the federal government. But until then, they’re in a limbo.

The Financial Crimes Enforcement Network has put out some info on exactly how many businesses are being worked with, and the data is pretty interesting.

For one, it seems that the amount of banks working with marijuana businesses has plateaued since 2019. Although the number has slowly gone up, with its peak of 831 being in the second quarter of 2024. Still, the graph shows how much the banks have slowed down since 2019.

The agency also shows where the banks are doing the business, and to no one’s surprise, California is number one. But what is surprising is that number 2 is Oklahoma. This is because their medical marijuana market is pretty robust compared to other states with the same medical laws.

The one thing that is clear is that with the number of marijuana businesses skyrocketing over the years, this plateauing of banks willing to work with them is a clear sign that many businesses are in need of a sympathetic bank. That doesn’t seem to be the case unless laws change on a federal law, so here’s hoping that Trump does something sooner rather than later. With the government shutdown battle now in its very early stages, I won’t be holding my breath.

Read more at Marijuana Moment

Visits: 61
Previous Post

Marijuana Could be Biblically Justified if Rescheduled According to Ex-DOJ Official

Next Post

Trump’s India tariffs unexpectedly affect the marijuana industry in US

Graham Cooper

Graham Cooper

Next Post
Trump’s India tariffs unexpectedly affect the marijuana industry in US

Trump's India tariffs unexpectedly affect the marijuana industry in US

ADVERTISEMENT
  • Former NBA Player Smoked Cannabis Before Interviewing Kamala Harris

    Former NBA Player Smoked Cannabis Before Interviewing Kamala Harris

    0 shares
    Share 0 Tweet 0
  • Where is marijuana on the ballot in November?

    0 shares
    Share 0 Tweet 0
  • Barstool Sports Delves Into the Realm of Cannabis

    0 shares
    Share 0 Tweet 0
  • Doordash gets into the Weed Delivery Business

    0 shares
    Share 0 Tweet 0
  • Kamala Harris Didn’t Talk With Rogan About Legalization, She Should Have

    0 shares
    Share 0 Tweet 0
  • Trending
  • Comments
  • Latest
THC Drinks Now Sold at Target

THC Drinks Now Sold at Target

October 17, 2025
Is Weed Addiction Mainly Hereditary?

Is Weed Addiction Mainly Hereditary?

October 17, 2025
California gives out $40 million from marijuana taxes

California gives out $40 million from marijuana taxes

0
California gives out $40 million from marijuana taxes

California gives out $40 million from marijuana taxes

0
Can Carrier Pigeons Actually Deliver Weed?

Can Carrier Pigeons Actually Deliver Weed?

October 23, 2025
New York’s Mayoral Front Runner Mamdani Is Huge On Cannabis Legalization

New York’s Mayoral Front Runner Mamdani Is Huge On Cannabis Legalization

October 23, 2025
ADVERTISEMENT
Marijuana with Hemp

Browse by Category

  • Business
  • Featured
  • Hemp Politics
  • Lifestyle
  • Medical
  • Medical Marijuana
  • Politics

Recent News

Can Carrier Pigeons Actually Deliver Weed?

Can Carrier Pigeons Actually Deliver Weed?

October 23, 2025
New York’s Mayoral Front Runner Mamdani Is Huge On Cannabis Legalization

New York’s Mayoral Front Runner Mamdani Is Huge On Cannabis Legalization

October 23, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 Marijuana With Hemp

No Result
View All Result
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop

© 2024 Marijuana With Hemp