Banking Marijuana Business

[...]everything you do has to be paid with cash. Because the federal government considers marijuana a Schedule I drug, making its production, possession, and sale illegal under federal law. Federal and State Divergence Results in Regulatory Quagmire for Depository Institutions The obvious tension between marijuana's Schedule I status and state legalization has created a regulatory mess for industries serving the cannabis sector, particularly banks, credit unions, and other financial services companies. The Federal Reserve Board of Governors, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (FDIC) all regulate banks.