States consider whether North Dakota’s public banking model might be a good fit for marijuana businesses.
Nestled at the edge of Bismarck, North Dakota, where the city meets the Missouri River, is an inconspicuous brick building that houses a unique institution: The Bank of North Dakota, the only state-owned and state-run bank in the U.S.
Born of necessity, the banking model pioneered by North Dakota has since proved profitable – to the tune of 14 consecutive years of record-breaking profits.
A handful of states have been interested in replicating the Bank of North Dakota model, most recently states with a growing and unbanked marijuana industry.
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Cinnamon Janzer ~ USNews.com ~
