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WebAug 2, 2024 · In a Marijuana Banking Update as of June 30, 2024, FinCEN, the mission of which is to safeguard the financial system from illicit use and combat money laundering and promote national security, reported that 510 banks and 185 credit unions were doing business with the cannabis industry. Cannabis businesses seeking depository … WebThe US cannabis market has experienced rapid growth in the last ten years and is showing no signs of slowing. Already, 78% of states have approved cannabis for medicinal use, with 42% legalizing it altogether. With further easing of legislation expected, the total legal cannabis market is estimated to grow by 14% CAGR through 2025. WebDec 19, 2024 · For example, instead of investing $10,000 into one loan, you could split that money up and invest $100 into 100 different loans. Then, you would only lose $100 if a borrower defaults. Plus, many sites allow you to invest as little as $25 or $50 into an individual loan. The Disadvantages of Peer-to-Peer Lending for Investors ct workout newington