It’s been several years since the first states in the nation started legalizing both medical and recreational marijuana. As time has passed, it seems that more and more are following suit each election cycle. This “legalization” is still, of course, in direct conflict with Federal law which still considers marijuana to be a Schedule 1 drug and therefore illegal. It is interesting to look back to the early days of this when a lot of financial institutions wouldn’t touch marijuana-related businesses with a 10-foot pole and now more and more and choosing to bank these customers despite the risks.
Kevin explains more in the video.