More banks serving cannabis sector, but Cole Memo repeal threatens to slow progress

The number of banks and credit unions actively serving the marijuana industry has jumped nearly 30% from a year ago. But U.S. Attorney General Jeff Sessions’ decision to repeal the Cole Memo may prevent further involvement by banking institutions looking to work with cannabis-related businesses. According to the latest report …

Sessions’ move could slow cannabis investment money, but analysts doubt long-term impact – MJBizDaily

News that federal prosecutors have wider discretion to enforce federal drug law could put at least a temporary damper on investment money flowing into the U.S. cannabis sector, but analysts doubt the money will dry up.   U.S. Attorney General Jeff Sessions’ decision last week to rescind Obama-era protections for …