Something similar happened with cannabis related businesses in the US. Since essentially ALL banks are FDIC insured, taking money from a business selling canna

Something similar happened with cannabis related businesses in the US. Since essentially ALL banks are FDIC insured, taking money from a business selling cannabis, which is illegal under Federal law, is prohibited. There have been multiple documentary/news show episodes about this. Interesting side fact, NPR Planet Money did a special where they tried to find a bank that was NOT FDIC insured. They picked the smallest single physical location bank they could find but even that bank was FDIC insured.