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Cash-Flush NYC Weed Shops Targeted by Robbers as Washington Tries To Catch Up

If passed, the SAFE Banking Act will allow cannabis businesses to use banking services, but only those shops operating legally.

AP/John Minchillo
People smoke cannabis outside the Smacked 'pop up' cannabis dispensary at New York. AP/John Minchillo
RUSSELL PAYNE
RUSSELL PAYNE

With New York City’s cash-only cannabis stores becoming top targets for smash-and-grab robberies, Washington lawmakers are pushing to allow cannabis companies to gain access to banking services.

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RUSSELL PAYNE
RUSSELL PAYNE

Mr. Payne is a political reporter at The New York Sun. He covers a broad range of topics including New York State and New York City.

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