The banks have closed down a couple dispensary's accounts, even just this fall in San Diego they all got raided again. Certainly every grower fears the reality of Jeff Session's Civil Asset Forfeiture (aka Police pension funding), no one, literally no one trusts the cops.
My wife happened into a Bank of America the first day of the new year, said there was a line of people with just shy of $10 000 in cash each. So its not everyone that avoids the banks, but almost no one is using a bank account for the actual product transactions (some medical dispensaries from before did use a checking account but only one ever paid with a check for a delivery, the rest were in cash).
The banks have closed down a couple dispensary's accounts, even just this fall in San Diego they all got raided again. Certainly every grower fears the reality of Jeff Session's Civil Asset Forfeiture (aka Police pension funding), no one, literally no one trusts the cops.
My wife happened into a Bank of America the first day of the new year, said there was a line of people with just shy of $10 000 in cash each. So its not everyone that avoids the banks, but almost no one is using a bank account for the actual product transactions (some medical dispensaries from before did use a checking account but only one ever paid with a check for a delivery, the rest were in cash).