People's Cooperative could solve ganja banking woes — Silvera
PC banks, which provide credit and other financial facilities to the agricultural sector, are perfectly positioned to serve this niche market.
Jamaica Observer (Jamaica)
Tuesday, April 23, 2019
Tuesday, April 23, 2019
The Ganja Growers and Producers Association of Jamaica (GGPAJ) is proposing the National Peoples' Cooperative Bank as a solution to the banking services conundrum in which the country's fledgling legal marijuana industry finds itself. The GGPAJ says entrepreneurs are having a difficult time establishing businesses because the island's commercial banks are refusing to accept ganja money. Special advisor to the GGPAJ, Orville Silvera says a cannabis bank, using the existing PC bank system, would relieve mainstream financial institutions of the apprehension surrounding facilitating transactions linked to ganja. (See also: Shaw says no to PC Bank as financial institution for ganja)
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