July 1, 2019
Marijuana Business quoted Advisory Partner Gary Rosen in an article about the importance of internal financial and compliance controls and record-keeping, to establish an account with the relative few banks that service the marijuana industry.
Marijuana Business
By Omar Sacirbey
Excerpt:
While banking pickings are slim—roughly 630 banks and credit unions were serving U.S. marijuana-related companies as of March 31, according to federal data (see chart)—every state has at least one financial institution that serves cannabis businesses, said Gary Rosen, a partner in the advisory group of New York City-based Marcum, a national business and accounting firm.
