Sentences with phrase «marijuana business say»

Bankers and those in the expanding legal marijuana business say new guidelines from the Obama administration aren't enough.

Not exact matches

«There are a few wineries setting up very large recreational grows right now,» said Brent Kenyon, of the marijuana consulting business Kenyon & Associates, based in southern Oregon.

«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.

«The tracking system is the most important tool a state has,» said Michael Crabtree, who runs Denver - based Nationwide Compliance Specialists Inc., which helps tax collectors track elusive, cash - heavy industries like the marijuana business.

Like it or not, marijuana is a cash business,» the «Mad Money» host said.

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.

These startup businesses, companies selling vaporizers, CBD products, and software to marijuana users or marijuana companies, were kicked off payment processors and other mainstream business platforms en masse as a result, entrepreneurs affected by the purge say.

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.

Dig Deeper: How to Start a Small Business How to Open a Medical Marijuana Dispensary: The Costs and Revenues You Can Expect «You better be well - funded,» says Bedrick.

Leslie Bocskor, founder of marijuana business consulting firm Electrum Partners, says he believes cannabis ballot initiatives in Arizona, California, Florida, Maine, Massachusetts, Nevada, and Ohio will draw youth voters — ultimately impacting the presidential election.

Don Morse, director of the Oregon Cannabis Business Council, said he expects «business as usual» in Oregon's marijuana industry despite Sessions»Business Council, said he expects «business as usual» in Oregon's marijuana industry despite Sessions»business as usual» in Oregon's marijuana industry despite Sessions» policy.

The scarcity of space has led some marijuana businesses to plow profits back into real estate, said Amanda Gonzalez, chief executive officer of Kaya Cannabis in Denver.

If some marijuana dispensaries may not be totally forthright with banks, they have little choice if they want to do business, even beyond accepting credit and debit cards, said Michele Heney, a professor of accounting at University of Oregon.

The leeway given banks by the Treasury and Justice departments to handle marijuana business accounts could disappear with the 2016 general election, said Bend attorney Michael Hughes, whose clients include marijuana businesses.

«We are pleased to see the Obama administration will not cause harm to citizens and states by shutting these businesses down, and hope this will lead to an expansion of sensible policies related to marijuana, such as allowing these businesses access to banking, and taxing them at a fair rate,» said Aaron Smith, executive director of the National Cannabis Industry Association, a Washington, D.C. - based trade group that represents what it says are the thousands of firms involved in marijuana production and sales.

«Currently, under federal banking laws, many legal, regulated legitimate marijuana businesses — operating legally according to state law — are prevented from maintaining bank accounts and accessing financial products like any other business, such as accepting credit cards, depositing revenues or writing checks to meet payroll or pay taxes,» Perlmutter said.

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.

«I believe marijuana and beer fit into this gray area, of substitutes and complements,» Michael Uhrich, economist of the Beer Institute trade group, said at a meeting earlier this year, according to an account by Beer Business Daily.

The state has yet to finalize regulations for medical marijuana cultivation and dispensing centers and sales, nor are they addressed in the Village of Orland Park Land Development Code, but village staff have already received informal inquiries from medical marijuana businesses, said Karie Friling, director of the Development Services Department.

Gardner separately said in an interview Wednesday he is 80 % finished with legislation he is writing to ensure states don't run afoul of the federal prohibition on marijuana and to allow marijuana businesses access to the financial system.

Howie Hawkins, the Green Party candidate for Governor, said at the parade that «we must demand more than our present ineffective medical marijuana program which seems primarily designed to enrich a few well - connected business people.

«I think it's going to get more and more prevalent as more states across the country start legalizing [marijuana], because it's a big business, and there's a lot of push to legalize recreational marijuana use,» Johnson said.

They say, «Can you help me put together a team of people top to bottom that can help me open up some sort of marijuana business, and can you help me decide what kind of marijuana business I want to run?»

Matthew Buck: I have never had someone that came to me and said, «I was going to start this but not that,» but I have multiple clients who own breweries who also own marijuana businesses.

And secondly, as a practical matter, ironically one of the ways of keeping businesses small, making it just say mom - and - pop stores as opposed to Marijuana, Inc is to not change any of the banking laws.

By contrast, businesses that contract with the government or that are in regulated industries, like air travel, or that have safety concerns involving machinery, are continuing marijuana tests, employment lawyers say.

The status quo remains in effect, which is to say that even having bank accounts, for marijuana - tenanted properties remains just out of reach for the nearly 2,200 retail, manufacturing, and grow businesses in Colorado (as reported by The Denver Post).