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Marijuana Banking Has Grown Quickly. Here’s a Look at Who’s Who

Cannabis plants dry on hangers in California. While banks are federally barred from working with marijuana, a number of financial firms have found ways to establish a presence in the industry. 

Cannabis plants dry on hangers in California. While banks are federally barred from working with marijuana, a number of financial firms have found ways to establish a presence in the industry. 

Photographer: Jill Connelly/Bloomberg
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Welcome to the latest edition of The Dose. This week, Crystal Tse from the deals team fills in for Tiffany Kary and breaks down the world of cannabis investment banking.

I spoke to half a dozen investment bankers about how their firms work in the cannabis space in terms of what they’re able to advise on — and what they’re not — and what trends they’re seeing in dealmaking. Let’s break it down bank by bank.