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Economists examine U.S. legal cannabis sector to gauge the value of banking services
The special legal situation of the US cannabis industry gave Riepe and Merz a unique opportunity to examine an industry which lacks access to banking services, combining two event studies with a survey. In some US states, marijuana producers and distributors can operate legally within almost the same parameters as other businesses. It was a severe blow to the industry's hopes of having their own bank, allowing easy access to banking services.
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