Marijuana businesses forced to find banking alternatives
GRAND RAPIDS, Mich. — As the medicinal and recreational marijuana industries grow in Michigan, a problem that has long-plagued the industry is experiencing growth too. While recreational pot is now legal in 10 states and medicinal use is legal in 33, marijuana is still a federally illegal substance. Since banks are federal institutions, marijuana business owners were barred from using their services. But there are options, like PayQwick. “PayQuick is a compliance-based payment hub for cash intensive businesses,” said the […]...
Published By: Fox 17 - Friday, 22 March, 2019
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