Cannabis market growth stifled by federal regulation delay
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Cannabis market growth stifled by federal regulation delay

Sativa Cannabis plants in their growing stage
Photo: Alamy

The trend towards the legalization of cannabis in the US has led to growing demand for insurance and other financial services to support the budding industry, but stalled efforts in Congress to provide legal cover at the federal level are stymying what many view as a potential major growth industry.

Marijuana has been legalized recreationally in 36 states and a draft of federal cannabis legalization legislation has been introduced to the Senate, but financial institutions such as insurance companies and banks have been largely unable to do business in...

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