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Majority of U.S. Voters Support Marijuana Commercial Banking

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A majority of U.S. voters support allowing banks to work with state-legal marijuana businesses, according to a new poll. Most believe it would both improve public safety and promote social justice. The Independent Community Bankers of America (ICBA) survey, conducted by Morning Consult, found that 65 percent of voters support modest marijuana reform, and 71 percent said that allowing marijuana businesses into the financial system would reduce the unique risk of robbery and violent crime against cash-intensive markets. More than four in five voters say that, in general, businesses operating on a cash basis are at greater risk of robbery or theft. In addition, 55 percent said they believe reforms could promote equity by empowering minority, female and LGBTQ-owned cannabis businesses that could benefit from improved access to banks and financial services.

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