Sentences with phrase «marijuana businesses operating»

That has left most marijuana businesses operating on a cash - only basis.

Not exact matches

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.

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.

In a recent court case, the 9th Circuit Court of Appeals ruled that the Department of Justice is prohibited from using federal funds to prosecute businesses who operate within state laws regarding medical marijuana.

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.

Phyto Partners is a venture capital fund that invests in businesses operating in and around the burgeoning marijuana industry.

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.

«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.

But in the signing statement, the governor indicated companies that plan to operate in New York can import medical marijuana should they already be in business in other states that have medical marijuana programs.

Portland, Oregon About Blog Oregon Cannabis Institute is offering marijuana business seminars with attorneys, accountants and other industry professionals on proper ways of starting and operating cannabis business in Oregon.

In addition to the need for labor lawyers, tax and business - transactions lawyers will become more and more in demand as state - level medical and recreation marijuana reforms create new needs for new businesses to sort through new tax laws and business - planning challenges posed by operating a state - permitted marijuana business.

Many marijuana dispensaries currently operate as cash - only businesses because of the non-acceptance of banks and the issues associated with working within the traditional financial system.