Of the more than 7,600 banks and credit unions in the U.S., only about 220 accept cannabis cash, according to the Department of the Treasury.
Questions:
1. If Anthony Rivera Jr. accomplishes his goal, who will be the bankers for legal cannabis cash? In your opinion, is this a good idea? Why or why not?
2. How large is the annual revenue which is currently unbanked?
3. What model is Rivera’s group, CannaNative, mirroring?
Source:
Kaplan, J. (2015). Finding a Place for Cannabis Cash. Bloomberg – Businessweek, Oct. 15 (Retrievable online at http://www.bloomberg.com/news/articles/2015-10-15/finding-a-place-for-cannabis-cash)