Banking is one of the most hotly debated issues amongst marijuana stocks and in the cannabis industry. While the issue mostly pertains to the U.S. cannabis industry, other markets and pot stocks located outside the U.S., also have a reason to want proper banking laws. Recently, the coronavirus has helped to highlight just why this is so important. During the past few months, the demand for cannabis has shot up right alongside the number of statewide shutdowns. This is simply because more people are inside, and therefore more people are using cannabis. But, with this increasing demand, many states have chosen to make cannabis an essential service during this time.

Although they are considered essential, the federal government has yet to see the importance of the cannabis industry and therefore has not put any permanent banking laws in place. In April of this year, Florida reported selling over 120,000 ounces of cannabis. This number represents a more than 50% increase over the month of January. In addition, many leading marijuana stocks have actually opened new locations in the state since the shutdown began. But, it is extremely clear that federal banking laws continue to go against what states and the people want.