A new study sheds light on public opinion when it comes to banks working with legal marijuana businesses. Many banks have chosen not to work with businesses in the marijuana industry because pot is illegal at the federal level.
John Horvick, vice president and political director at DHM Research, says their study shows that nearly nine in 10 Oregonians would not think less of banks that serve the marijuana industry.
“We asked people in the survey, knowing that the feds still find this an illegal activity and could crack down, is that a good reason for banks not to? And the majority of people still said, ‘no,’” Horvick said.
The DHM and LT Public Relations study also shows the majority of Oregonians, especially millennials, have a favorable view of recreational marijuana in general. Twenty-six percent of survey respondents said they had used pot in the last 30 days.