In an industry projected to be worth upwards of $40 billion in the next three years, one would think that banks would want a piece of this pie. But due to federal law that is not the case. Procuring funding in the cannabis industry is difficult, almost impossible.
PotNetwork reported earlier on the impossible relationship between big banks and cannabis. The federal regulations on marijuana in North America prevent banks from investing in cannabis the way they can in other commercial industries.
But even without the support of big banks, many pot stocks are still finding success. And in the United