NJ Spotlight News

Lack of banking options frustrates small cannabis operators

Clip: 04/26/2022 | 4m 20s | Video has closed captioning.

The state’s newly legal cannabis market is expected to bring in millions, if not billions, of dollars once fully operating. New Jersey is now the 18th state to allow the sale of recreational cannabis. But because the sale of recreational pot is still illegal on the federal level, most banks are waiting for the regulatory environment to clear up before dealing with the industry.

Aired: 04/26/22

Rating: NR

Problems Playing Video? | Closed Captioning

NJ Spotlight News is a local public television program presented by THIRTEEN.