The list of states without a legalized cannabis program is now very short and getting shorter. Those states are:
- Idaho
- Indiana
- Kansas
- Kentucky
- Mississippi
- Nebraska
- North Carolina
- South Carolina
- Tennessee
- Wisconsin
- Wyoming
Out of these 11 states, several are in serious discussions regarding legalization. With voters in Nebraska and Mississippi more than likely approving medical measures at the ballot next year.
I do want to point out that some states that have approved programs struggle with implementation.
For example, almost 70% of voters in South Dakota approved an adult-use program in 2020; however, the ballot wording was found unconstitutional.
The State of NY approved adult-use through the state legislature, but implementation of that program is struggling (for several reasons).
Another issue I want to mention is that there are states that are considered to have legalized medical cannabis, but have very limited, almost non existing programs, like the states of Louisiana and Texas for instance.
Contact me if you would like to learn more about HDCS and how to safely bank the cannabis industry.
Becky Postar
HDCS | Director of Product and Business Development
Subscribe to our Newsletter
Our mission is to help bankers make informed decisions about whether to serve the cannabis industry and how they can do it both safely and profitably. So subscribe to our blog to stay up to date on the latest information on legislation, regulations, market insights, and compliance best practices.
Each week, we’ll notify you of any new articles we post.