What is the relationship between Silicon Valley Bank (SVB) – the largest U.S. bank failure since 2008 – and the cannabis industry? Fortunately, SVB doesn’t (or didn’t?) have any cannabis companies as significant clients. Despite the venture capital investors have pumped into the industry, U.S. cannabis banking remains elusive. That said, the cannabis industry will feel SVB’s collapse. Here’s how. Silicon Valley Bank (SVB) & the Cannabis Industry While SVB has no major cannabis companies on their roster, there were […]
The post Silicon Valley Bank (SVB) & the Cannabis Industry appeared first on Cannabis | Weed | Marijuana | News.