Cannabis industry causing problems for Caribbean finance - ECCB
Industry could lead to further de-risking efforts from foreign banks, central bank warns
The emergence of the medicinal cannabis industry has “worrying implications” for the eastern Caribbean financial sector, the region’s central bank (ECCB) says in a report.
The report examines the “predicament” of banks interested in supporting the development of the industry in the region while seeking to preserve correspondent banking relationships with foreign banks.
Several member states have legalised the production and distribution of medical cannabis in last two years.
The perceived
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