New York Launches Cannabis Banking Directory

The New York Office of Cannabis Management launched a cannabis banking list to pair licensed operations with banks and credit unions to get financing. 

Launched by the Social and Economic Equity Team, the program is designed to reduce barriers cannabis operators face when getting funding from banks. 

In a press release, Felicia A.B. Reid, acting executive director of OCM, said the directory is a “key part” of the agency’s commitment “to fostering a fair, transparent, and sustainable market.”

“New York’s legal cannabis market cannot thrive without access to reliable financial services. The Cannabis Banking Directory is a crucial step toward breaking down barriers and ensuring that our licensed operators have the support they need.” 

Read more about the development here