MA Banks Partner With Retail Pot Businesses

(Story Developing….)

In a story first reported by Boston Business Journal, BayCoast bank became the first bank to announce a partnership with a retail marijuana business in the State of Massachusetts.

Until this point, banks have been willing to work with dispensaries on the medical side of the business, but for the most part have avoided getting involved in retail partnerships. However, there are several adult use shops that claim to have banks accepting their deposits, they are just unwilling to disclose the names of these institutions for obvious reasons.