Nationwide Weed Trafficking & Money Laundering Ring Busted

Cannabis is a growth industry that is in dire need of banking services, but minus a federal-level approval to legalize (and regulate) the drug for recreational use that won’t happen. The nation’s big banks are not going to take that risk, even if they are ready to. Federal legalization of cannabis would launch a pre-orchestrated move by the nation’s banking system to quickly integrate with the cannabis industry, and generate a collective sigh of relief from dispensary owners who are tired of dealing in cash and the crimes associated with it.

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Richard Paxton

CEO of the Alacer Group. Sharing the latest news in financial crimes and best practices that enable financial institutions to prevent money laundering.

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