July 01, 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.
By Omar Sacirbey
Featured: Gary Rosen, Partner, Advisory Services
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.
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China and Ireland.
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