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Marijuana Moment

The CEO of the financial giant JPMorgan Chase says the company ā€œprobably wouldā€ start providing banking services to marijuana businesses if federal law changed to permit it.

As the new Congress gets to work, cannabis industry stakeholders are holding out hope for another bipartisan push to advance marijuana banking legislation. And the head of the largest U.S. bank said on an episode of the financial institutionā€™s own ā€œThe Unshakeablesā€ podcast that aired on Monday that the reform could change how it approaches state-licensed cannabis businesses.

Chaseā€™s Jamie Dimon started by emphasizing that it has ā€œnot de-banked anyone because of political or religious relationships,ā€ which he said people often allege when theyā€™re denied services for their businesses.

To that point, Dimon proactively brought up the fact that ā€œwe donā€™t bank marijuana companies because thereā€™s no federal law around it.ā€

Listen to his commenta and read more at

Largest U.S. Bank ā€˜Probably Wouldā€™ Work With Marijuana Businesses If Federal Law Changes, Chase CEO Jamie Dimon Says

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