Where to Stash Cannabis Cash? Tribal Nations Make Bid to Bank It
- Casinos a model for handling $3 billion in industry revenue
- Possible end to the era of $20,000 of cash stuffed into bags
Marijuana buds and one hundred U.S. dollar bills ($100) are arranged for a photograph in Toronto, Ontario, Canada, on Wednesday, Oct. 26, 2011. Ontario is one step closer to the legalization of marijuana after the Ontario Superior Court struck down two key parts of the Controlled Drugs and Substances Act that prohibit the possession and production of pot in April, according to the National Post.
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
Shaun Gindi brought a duffel bag stuffed with 1,000 twenty-dollar bills to open a checking account at his local Chase branch. He was successful. Until the branch closed the account a week later.
“I’ve gone through at least eight banks,” said Gindi, 38.