Until federal legalization takes place, banks of any kind assume some form of risk when they decide to shelter the money of companies operating with cannabis. Regardless of whether the bank is in more than one state or not, the banking industry itself is federally regulated, and must therefore abide by the current statutes of the federal law. Thus, Whenever your money goes into a bank, it shouldn’t go unsaid that there is some risk that the money may not always be there for you to withdraw. Come learn about risk mitigation strategies and which may be right for you.
Table of contents
00:00:20 Introduction
00:03:40 Determining factors between limited, priority and termination SARs
00:06:54 Merchant processing in banking
00:21:41 How important is redundancy?
00:26:31 Transparency while opening a bank account
00:31:28 Differences and risks between banks and credit unions
00:33:31 Financial risk factors of banking
00:36:40 Nevada and California banking
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