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.
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?
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)