Cannabis Bank Solutions
There’s no doubt there is enough D.C. support for changes to federal cannabis banking laws.
The other HUGE issue is the IRS! Until cannabis businesses can take deductions for store lease expenses, payroll costs, marketing expenditures… our profit margins will be limited by how much cash goes into our trunks and into employee pockets. Not exactly the ideal situation but certainly a real world reality.
Meanwhile is a solid piece of conversation about cannabis retail software and cannabis banking strategies! Invest 5 minutes; you’ll be glad. Guaranteed!
It hasn’t helped that every time a banker comes forward with some balls they get shut down. Witness Fourth Corner Credit Union out of Colorado. We were all crushed!
Cannabis bank solutions are a certainty. It’s just a matter of time.