Local Business Faces Banking Challenges Over Medical Marijuana Transactions

February 7, 2025 - 10:17

As a family nurse practitioner with nearly three decades of experience, Tracy Boller established Jomon Wellness in Stanford last year, aiming to provide essential services to patients in need of medical marijuana. However, Boller recently encountered a significant hurdle when her bank refused to process transactions related to medical marijuana sales. This situation has raised concerns among local business owners who rely on banking services to operate smoothly.

Boller expressed her frustration, stating that the refusal to process these transactions not only hampers her business operations but also affects the patients who depend on her services for their health and well-being. The banking industry's reluctance to engage with businesses involved in medical marijuana is a growing issue, particularly in areas where such practices are legal.

As the conversation around medical marijuana continues to evolve, the challenges faced by businesses like Jomon Wellness highlight the ongoing need for clarity and support within the banking sector. Local business owners are calling for solutions that will allow them to serve their communities without the added burden of financial obstacles.