That has left
most marijuana businesses operating on a cash - only basis.
According to a staff report,
most marijuana businesses would require a use permit and city license but businesses only proposing accessory cannabis retail uses would only need to obtain a city license.
Not exact matches
Billions of dollars are expected to flow through California's legitimate
marijuana industry next year when recreational pot becomes legal, but
most of those
businesses won't be able to use banks.
«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.
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.
Marijuana Business Daily has called Van Rixel one of the
most successful entrepreneurs in the market and recently discussed his plan to move into new markets.
«Possibly the
most honest
marijuana film out there, CALIFORNIA, 90420 gets right up in the
business: medical patients, big - scale grows, Oaksterdam U, and the legalize movement...» SF INDIE FEST.