The Financial Crimes Enforcement Community (“FinCen”)  issued a Cannabis Related Organization update in June with knowledge from the to start with quarter of 2017. FinCen reports that the number of depository establishments that are actively banking cannabis enterprises elevated to 368 by the end of March of 2017. This is an approximate 22% raise from the close of March 2016. FinCen has received an progressively huge range of suspicious exercise experiences (“SARs”) from banking establishments for marijuana businesses.

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