Read more at Marijuana Business Daily
By Omar Sacirbey
Marijuana businesses in Oregon shouldn’t expect financial institutions to suddenly open their doors to the industry if Gov. Kate Brown signs a cannabis banking bill that is currently sitting on her desk.
The unfortunate reality is that banks are unlikely to start serving cannabis clients until Congress or federal regulators take action to change marijuana’s status as a federally illegal drug, regardless of any changes at the state level, banking experts say.