Sentences with phrase «for marijuana businesses»

And, while the Treasury Department permits banking for marijuana businesses, it does so only under heavy regulations.

Despite the increasing number of financial institutions servicing the cannabis industry, credit is still very rarely available for marijuana businesses.

Read on to find out how to get funding for a marijuana business.

Not exact matches

The legalization of recreational marijuana in Canada has been a gold rush, with firms racing to prepare for what could be a multi-billion-dollar market when it opens for business later this year.

«Producers should be excited that about what this means for expanding their business,» says Trina Fraser, a lawyer with law firm BrazeauSeller who has counseled clients applying to be medical marijuana licenced producers.

While a judge might not choose to prosecute a marijuana business for growing or selling, he or she could choose to do so.

Marijuana has become big business in the United States, and the biggest day for the industry is April 20, commonly referred to as «4/20.»

Still, his comments mark the latest sign that the marijuana industry is increasingly seen as a legitimate way for businesses to make money in a hyper - competitive retail sector.

In many places, such as in California and Colorado, businesses and communities vie against each other to win potentially lucrative licenses from the state for creating and operating marijuana cultivation centers and retail outlets.

For example, the Justice Department would expect a bank to make sure any marijuana business with an account did not sell pot to minors, is not involved in illegal activities and that the cash flow of that business is what would be reasonably expected.

Some have suggested that small community banks may be the first to step up to the plate because the revenue from marijuana businesses would be more significant for them.

Aeron Sullivan, the co-founder of Tradiv, an online wholesale marketplace for legal pot businesses to buy and sell marijuana, says there is no doubt pot production will be outsourced to other regions of the world and the southern states in the U.S.

The association has praised the feds for providing a roadmap for financial institutions that want to work with legal marijuana businesses.

But when former President Obama issued a memo during his term that encouraged banks to do business with the marijuana industry, this loosened up access to both some banks and payment processors for cannabis - related companies.

She worked on a range of projects including CNBC's Emmy - nominated Special Report about the financial crisis, Boom, Bust, Blame: The Inside Story of America's Economic Crisis; CNBC's Marijuana & Money Special Report; and America's Top States for Business.

Since that time, Dunn has gone on to create a $ 3 million pot empire, operating a business that sells seeds for marijuana growers, a hemp clothing company, and a brick - and - mortar store that sells pot - related accessories.

The demand for legal marijuana, which has outstripped many lofty expectations, isn't the only thing small - business owners in the pot gold rush are surprised about.

Two documents, totaling more than 230 pages and issued by the Marijuana Enforcement Division, a branch of the Colorado Department of Revenue, spell out the rules for medical and recreational marijuana buMarijuana Enforcement Division, a branch of the Colorado Department of Revenue, spell out the rules for medical and recreational marijuana bumarijuana businesses.

Marijuana became legal for recreational purchase and use in Colorado on the first of this year, and adult - use facilities are doing a booming business.

This week, High Times, the long - running magazine for weed enthusiasts, announced that it was launching a private - equity fund to invest in marijuana businesses.

Tree — who said the policy change restored a price support for growers by reintroducing a «federal risk premium» — told Business Insider that while consumers in states were marijuana was legal were probably used to a high - quality and tested product, he suspected cracking down on legal marijuana production and sales would incentivize trafficking of lower - quality marijuana to states where the drug is still illegal.

But there is this: «Perlowin knows a lot about the marijuana business, having served 9 years in federal custody for his role in a smuggling ring during the 1970s and early 1980s.»

This entrepreneur's military background helped him create a groundbreaking business that paved the way for countless veterans to succeed in an unexpected industry: marijuana.

Justin Hartfield has been involved in the business of selling marijuana for years, running the Yelp - style website WeedMaps.com and serving as the gate keeper and advertiser for legal marijuana dispensaries across the U.S.

(Last month a federal bill was introduced that would shield banks from potential liability for serving legal marijuana businesses.)

«Demand for marijuana has produced a number of business opportunities,» See Change reports.

Sessions, a longtime opponent of marijuana, has hinted at initiating a federal crack down on state - legal marijuana businesses for the better part of a year.

Legalization and de-criminalization of marijuana is a hot topic, which could provide profit - making opportunities for some, and moral dilemmas for other business owners.

For those thinking of investing into marijuana businesses, the survey provides a glimpse into how law enforcement might battle any new legalization efforts.

With legislation to legalize recreational marijuana use in the works, producers and supplementary businesses are preparing for a new era in the pot market.

The legal recreational marijuana market opens for business in California on January 1st.

Proposition 64 legalized the recreational use of marijuana for adults aged 21 years or older, permitting smoking in a private home or at a business licensed for on - site marijuana consumption.

Shopping for a marijuana - finance business to back, Snider was introduced to Dinenberg, and committed cash after six months» talks.

The announcement that the U.S. Department of Justice would no longer adopt a «hands - off» approach to states that have legalized marijuana use initially sent some in the industry into a tailspin, just days after the $ 7 billion California recreational weed market opened for business.

Legitimate marijuana businesses will create thousands of good jobs for Massachusetts residents and utilize the products and services of other Massachusetts businesses.

SAN FRANCISCO (AP)-- This week's announcement that the U.S. Justice Department was ditching its hands - off approach to states that have legalized marijuana initially sent some in the industry into a tailspin, just days after California's $ 7 billion recreational weed market opened for business.

Local governments may authorize or prohibit onsite consumption at a licensed marijuana business under Proposition 64, which legalized cannabis for adult use.

With those stats from the city of Oakland's Department of Race and Equity in hand, the City Council voted unanimously Tuesday to overhaul the nation's first equity program to set aside 50 percent of medical marijuana and cannabis business permits during the first phase of permitting for people affected by the War on Drugs.

The transaction was heralded by some as a game - changer for Canada's cannabis industry, with an established, out - of - market player giving a vote of confidence in the country's marijuana business.

«We have been extraordinarily impressed with Point 7 Group's professionalism, responsiveness, intelligence and knowledge of all aspects of the cannabis business, and the requirements for completing a successful medical marijuana treatment center license application in Florida.

The Cole Memo also made it possible for recreational marijuana organizations to operate like other businesses.

After a solid majority of California voters legalized adult - use cannabis last November, the onus has shifted to California cities and counties to pass rules for how and where retail marijuana stores and other cannabis businesses would be allowed to operate.

«As Blue Line deploys this solution in states where marijuana becomes legal, we believe our free online marketplace will become one of the industry's leading tools for licensed marijuana businesses.»

However, at Guidant we are conservative in our approach so will not take on these types of businesses — For example starting a pot shop in a state where marijuana is legal is not something Guidant will fund with ROBS, as marijuana hasn't been legalized federally.

Restricted / Closed Defense sector (except weapons production) Traffic information systems (air, maritime, land) Alcoholic beverage production Marijuana cultivation Casinos Historical and sacred sites Chemical material industry that can damage the environment Pre-design and consulting services Architectural design services and architectural services Utilisation of natural coral for aquariums, souvenirs and accessories Small and medium enterprises Any business with investment value of less than 10 billion rupiahs

His ambition is to make Sundial the «Absolut Vodka or Coca - Cola equivalent of cannabis,» he told Marijuana Business Daily, while estimating that «the profit pool for cannabis could be «as big as the entire alcohol industry in three to five years.»

Despite growing calls for legalization across the globe and in the US, many marijuana users and businesses are regularly targeted by large media organizations and subject to discrimination based on outdated and misguided anti-marijuana laws.

At Smoke Network we offer a solution for marijuana users and business in the form of a decentralized social network... Continue reading Blockchain Cannabis Social Network Aims to Put an End to Online Cannabis Censorship

Bank of Montreal's medical marijuana financing debut may herald more competition for institutions already doing cannabis - related business, but it could also lend more legitimacy to the industry, some players say.

The U.S. marketer of Corona, the Mexican beer known for its «Find Your Beach» tagline, is dipping its toe into the marijuana business.