Two Canadian Banks Say No to Marijuana-Related Accounts

Two of Canada’s biggest banks – Scotiabank and the Royal Bank of Canada – say they aren’t providing accounts to plant-touching or ancillary marijuana businesses, forcing some owners to find new financial institutions that will take their money.

Nathan MacLellan, the owner of Hemp County in Woodstock, Ontario, a store that sells accessories including pipes and bongs but not actual cannabis, received a letter from Scotiabank late last month telling him his account was being cancelled, according to the Canadian Press. MacLellan had had…