A Maryland bank is quietly solving the marijuana industry’s cash problem

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A Maryland bank is quietly solving the marijuana industry’s cash problem

Clients line up outside a newly opened medical marijuana dispensary in Rockville, Md., in December. Several other dispensaries and cannabis businesses in the state say they have opened accounts with Severn Bank, one of the few financial institutions willing to work with marijuana entrepreneurs.
Peg Nottingham of Gaithersburg, Md., smokes a strain of medical marijuana called Northern Lights after buying it at a newly opened dispensary in Maryland.

A Maryland bank is quietly solving the marijuana industry’s cash problem

Clients line up outside a newly opened medical marijuana dispensary in Rockville, Md., in December. Several other dispensaries and cannabis businesses in the state say they have opened accounts with Severn Bank, one of the few financial institutions willing to work with marijuana entrepreneurs.
Peg Nottingham of Gaithersburg, Md., smokes a strain of medical marijuana called Northern Lights after buying it at a newly opened dispensary in Maryland.