Nevada to Test Limited Marijuana Banking System - Cannabis News

The system could help relieve businesses forced to use all-cash payments.

Nevada is set to test a limited marijuana banking system after Gov. Steve Sisolak signed legislation June 5 to provide a payment alternative for the all-cash industry.

The bill establishes a three-year pilot program in which cannabis businesses can use an online system where digital currency can be sent and received, according to The Associated Press.

But the system is limited in that it doesn't include certain banking services like loans.

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Casey Leins ~ U.S. News & World Report ~

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