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Here are the challenges the cannabis industry faces in accessing the US banking system

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“It’s the only real business we have in the United States with no access to banks,” Managing Director at Cowen Jaret Seiberg says about the cannabis industry. Here are the challenges this multi-billion dollar industry faces with the U.S. banking system.

The Senate Banking Committee will hold its first hearing on the challenges facing cannabis and banking. Jaret Seiberg, managing director at Cowen, joins "Squawk Box" to discuss.

 

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