As the legal landscape around banking marijuana businesses continues to solidify, financial institutions struggle to effectively find their place within a wide spectrum of risk. Whether your business is completely de-risking or carefully planning to capture marijuana banking revenues, risk intelligence specific to marijuana registered businesses is critical to your strategy.
Our infographic takes a closer at where the U.S. cannabis industry currently stands from a market and legal perspective. It explores the continued increase in market acceptance around the legalized use of marijuana across the U.S.:
The infographic also details the expected revenue opportunities associated with the marijuana market:
The infographic explores the operations challenges many financial institutions face as the market conditions of the marijuana industry continue to rapidly shift and evolve, including:
The infographic highlights the imperative for businesses to effectively manage the inherent risks of the evolving U.S. marijuana Industry and maintain the agility to quickly adapt to changing market and legal circumstances. The piece details how relevant and specific intelligence around Marijuana Registered Businesses and the people associated with the Marijuana Registered Business can enable financial institutions to proactively manage the potential opportunities and operations risk associated with the marijuana industry. It also outlines how LexisNexis® Risk Solutions provides extensive tools and risk intelligence specific to Marijuana Registered Businesses that includes:
As refined legal parameters continue to rapidly take shape around the U.S. marijuana industry, access to relevant and recent Marijuana Registered Businesses data will be the most viable way to protect against exposure to risk and effectively prioritize the business opportunities a legalized marijuana market may offer your business. Take a closer look at our infographic for the current status of the U.S. marijuana industry and key things to consider. Explore More.
1. - 4. Westbrook, Elizabeth, “United States Recap: Senate Committee Holds Hearing on Cannabis Banking,” Mondaq Business Briefing, September 3, 2019
5. and 6. “US cannabis market to reach $26B by 2025, study says,” North Bay Business Journal, January 29, 2019, https://www.northbaybusinessjournal.com/industrynews/manufacturing/9224450-181/marijuana-cannabis-business-consumer-forecast