At the national level, reports Brendan Kennedy, CEO of Seattle-based Privateer Holdings, "it's pretty bleak." After his venture capital firm that specializes in cannabis-related investments saw its first checking account at a local bank shut down, "we went out and talked to a dozen state and national banks, and we were very transparent. We said, 'This is what we do, we don't violate any local, state or federal laws. We don't touch cannabis. We don't grow. We don't prescribe, process, package or distribute cannabis.'"
Read more in Newsweek.