HeadSpace: Banking On Uncertainty 

The tug of war between state legalization and federal criminalization makes the logistics of running business heavy with difficulty. If you’re lucky enough to have a banking relationship, I’m sure it’s plagued by uncertainty and upheaval. The strain this places on canna-businesses is an unfortunate consequence of a gigantic industry operating in a nebulous space between legal and illegal – the parameters of which are in a constant state of flux and left to a cranky bureaucrat’s whim.

On the regulatory side, banks are federally forced to hold no more than a certain cap of deposits in any one industry – which overflows, especially during the holidays, when banks don’t correctly forecast the amount of deposits from canna-businesses. This oversight forces unpredictable account closure with little to no warning, maybe 10 business days at best, which we can all agree is a bat-shit way to be forced to operate.

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Source: Head Quest Magazine