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DEVELOPING: Weed Industry Explodes, But Banks Stay Shut Out!

DEVELOPING: Weed Industry Booms, Banks Remain Closed

Brooklyn, New York – February 12, 2026 – The cannabis industry is exploding. Retailers are setting up shop in historic bank buildings. Yet, traditional banks are still largely shut out.

Cannabis businesses are forced to operate primarily in cash. This creates security risks and limits growth. The situation is impacting the industry's ability to scale.

The conflict stems from federal regulations. Cannabis remains illegal at the federal level. This makes banks hesitant to work with cannabis companies.

The industry is adapting. Businesses are exploring alternative financial solutions. Lawmakers are debating potential reforms.

This is a developing story. Updates will follow as more information becomes available.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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