Cannabis-related businesses (CRBs) have been receiving a lot of attention lately. This growing industry is already worth more than $17 billion in the U.S., with that number projected to more than double over the next five years, creating many questions for financial institutions around banking CRBs.
This infographic provides a brief introduction to the world of CRBs, mapping marijuana law by state, examining the number of businesses that have been flagged as CRBs in the Verafin Cloud to date, and offering insight into related compliance risk.