The U.S. Treasury Department is starting to recognize cannabis companies, at least according to a new proposal to begin gathering data on marijuana businesses from banks as part of an action to stop money laundering schemes. The Department already collects bank info across other industries, such as liquor stores, domestic charitable organizations, jewelry, gem and precious metals dealers, casinos, car dealers and travel agencies, among others.
The Treasury’s Office of the Comptroller of the Currency (OCC) revealed the addition of marijuana businesses as part of an annual Risk Summary Form (RSD) filed by financial institutions in a notice in the Federal Register on Wednesday.
