Banks and insurance companies refuse to do business with cannabis companies because marijuana is illegal under federal law and most financial institutions are federally insured,
forcing marijuana businesses to operate in cash.
Not exact matches
New York Assemblyman Steve Katz (R - 99) is putting his money where his lungs are, joining
forces with venture capitalists to raise $ 10 million for medical
marijuana - related
businesses.
The mayor will be under pressure to appoint a minority candidate, but former NYPD Chief of Department Philip Banks — who left the
force after a power struggle with Bratton — has taken himself out of the running by working for a medical
marijuana - distribution
business, Compassionate Care Center of New York.
The action plan that the task
force has put together calls for identifying and boycotting local
businesses that sell synthetic
marijuana, organizing a town hall meeting about the drug, and reaching out to and providing services for Bronxites in The Hub who are using drugs.