Thirty - three states and the District of Columbia have passed laws legalizing marijuana in some form. This industry is currently estimated to generate over $10 billion in annual sales revenue and hundreds of millions in tax revenues for government authorities. As of the latest FinCEN report, only 633 of the more than 10,000 banks and credit unions in the United States are providing services to the legal marijuana industry. The lack of financial services available to businesses in this industry, particularly the challenges in handling the increasingly large volume of cash that is received by them, presents both public safety and financial management challenges for the industry. However, it also presents opportunities for financial institutions who desire to address these issues through a thoughtful, safe and compliant approach. Learn how your institution or client can develop a safe, compliant approach to providing services to this industry which generates revenue for the institution while minimizing the risk that is presented by the ongoing conflict between federal and state laws that apply to the marijuana industry.