Medical marijuana and industrial hemp businesses need banking services as much as other businesses do. (Photo: Shutterstock)
On July 3, New York's Gov. Andrew M. Cuomo directed the state's Department of Financial Services (DFS) to support the development of medical marijuana and industrial hemp businesses by issuing guidance regarding what his statement announcing the guidance called the "safe and sound provision of banking services for these businesses."
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Rosalie Donlon
Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].
