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Maryland bill seeks to push cannabis businesses away from cash-only systems

March 29, 2023

Maryland’s cash-only cannabis companies could be required to do business with traditional banks as legislators look to prevent fraud and reduce crime in the newly legalized recreational industry. As legislators continued their discussion Monday of the Cannabis Reform Bill, a sweeping piece of legislation meant to address the infrastructure and legality of adult-use cannabis prior to its legalization on July 1, the amendment has become a contentious piece of the bill. Some say the mandate doesn’t address enough of the root issues while others see it as necessary to crack down on fraud.

Article Source: Baltimore Business Journal

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