Bank sign on building

The banker to Florida’s medical marijuana players is getting out of the business

First Green has announced that it is closing the accounts of its cannabis clients and won’t be handling their money past early January.

When Florida’s medical marijuana industry was first starting out a few years ago, business owners faced a dilemma: Where could they find a bank to take their millions?

For a marijuana distributor, opening a bank account isn’t as easy as it is for the rest of us.

The federal government still considers cannabis an illegal substance without medicinal value, so most banks haven’t been willing to take their money — even though 29 states have legalized the drug for medical use, and some for recreational use.

Read More at MiamiHerald.com 



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