An a interesting conundrum as revealed in this article. Myself, I had expected pot would have achieved legalization by the 1980s. It's always been a peculiar unlegal/legal thing (for the last 50 years anyway) which never made sense to me over a weed that grows out of the ground.
Cannabis reclassification could finally end the industry's financial exile
December 24 2025
President Donald Trump's executive order to fast-track the reclassification of cannabis offers hope to a $30 billion industry that is ready to move beyond cash
. https://www.nbcnews.com/news/amp/rcna250564
".... ...Not everyone is supportive of a change in the industry’s tax status, however. A Senate bill introduced in February by Oklahoma Republican Sen. James Lankford would prohibit tax deductions and credits for businesses that sell cannabis.
In addition to legal conflicts, collateral questions and tax trouble, there is a fourth factor contributing to banks’ reluctance to serve cannabis businesses: the high cost of complying with federal reporting rules. As long as the money from cannabis sales could be construed under federal law as the proceeds of a crime, banks that do business with dispensaries must file scores of individual reports, alerting regulators that the transactions might not comply with both federal and state laws.
The reports are called Suspicious Activity Reports, or SARs, and they often require banks to foot the bill for due diligence to verify that the money at issue is not, in fact, furthering a crime. ... ..."
https://www.nbcnews.com/news/amp/rcna250564