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FinCEN's latest data shows relative stability in banks working with marijuana businesses, with 80% of suspicious activity reports (SARs) categorized as "marijuana limited," indicating compliance with state law. While there's a push for updated guidance and legislative protection for banks, the number of financial institutions serving cannabis businesses remains relatively low due to federal prohibition. Reclassifying cannabis to Schedule III could increase bank willingness.

Federal Agency Updates Cannabis Banking Trends

Sep 22, 2025

Source:

Kyle Jaeger

Marijuana Moment

The federal government just dropped some fresh data on cannabis banking, and the vibe is surprisingly steady despite the feds still dragging their feet on reform. According to FinCEN, over 800 banks and credit unions are currently working with marijuana businesses. Even cooler? About 80% of the reports filed by these banks label the businesses as "marijuana limited," basically telling the government that these shops are following state rules and aren't a high priority for a crackdown.

While we’re still waiting for Congress to pass the SAFER Banking Act or for the administration to finalize rescheduling to Schedule III, financial institutions aren't as scared as they used to be. California and Oklahoma are currently leading the pack in banking activity, proving that where the weed flows, the money follows. This matters to everyday tokers because better banking means more stability for your favorite local dispensaries, fewer cash-only headaches, and a safer environment for the people serving the community. It’s a sign that the "green rush" is becoming a permanent, professional fixture in the American economy.

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