GAO finds cannabis businesses still face costly and unstable banking access

A newly public GAO report found that only about 1,000 banks and credit unions filed cannabis-related reports in 2024, roughly 11 percent of federally insured institutions, while operators described abrupt account closures, high fees and loan rates above 15 percent. Oklahoma businesses can use the findings to benchmark banking costs and document why federal safe-harbor legislation remains operationally important.