Sentences with phrase «pot business»

Banks and credit card companies are prohibited from processing pot business transactions, according to federal rules.

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.

During the Obama administration, the Justice Department issued guidelines to help banks avoid federal prosecution when dealing with pot businesses in states where the drug is legal.

The same issue faces Shively's planned pot business.

They were led by their not - quite - ministerial colleague Bill Blair, the former Toronto Police Chief who has, in his capacity as a parliamentary secretary with special responsibility for not even remotely messing around, criss - crossed the country looking increasingly stern about this whole pot business.

When I heard late Thursday that Attorney General Eric Holder had come out in favor of bank accounts for state - sanctioned pot businesses, I assumed the industry would react with cheers.

Many of the underlying pot businesses are financial train wrecks, although the typical investor does not seem aware of this fact.

Take a bike ride around Portland and see a burgeoning pot business that isn't paying much attention yet to its energy - hogging, pesticide - loving roots.

This looks set to change in October, when Colorado will allow standalone cultivation and retail operations for the first time, but until then it's the only way to run a legal pot business.

By April 2014, Health Canada will be getting out of the pot business, opening up the market to licensed producers and letting individuals buy it with only a doctor's note (they currently need Health Canada authorization).

And they say the rules are difficult to follow, in effect placing the burden on banks to determine if a pot business is operating within the law.

Some pot businesses have tried to open bank accounts by setting up management companies or nonprofit organizations with ambiguous names - in other words, by misleading the banks.

The pot business has already started to become a sophisticated, multimillion - dollar industry whose tax dollars help fund schools, educational programs, and law enforcement.

Banking is a big barrier to the pot business, she said.

As legalized marijuana sales take off in Colorado, here's what a pot business model and mature marketplace might look like.

Canopy's bought deal with BMO is the second time that the cannabis company has managed to blaze a new trail in the industry: U.S. alcoholic beverage giant Constellation Brands Inc. purchased a nearly 10 per cent stake in Canopy last fall, the first time a major out - of - market player bought into the pot business.

As we march towards full legalization, those in the pot business are laying the foundations of a well - organized industry with «creative cannabis agencies» like Los Angeles» Green St. creating high - design packaging and advertising.

DENVER (CBSNewYork / AP)-- Marijuana legalization in Colorado and Washington state could lead to big profits for people in the pot business, but industry entrepreneurs have plenty of questions about the recent votes.

Playing Doug Wilson, an accountant, city councilman and aid to Nancy's pot business.

J. Craig Williams: Paul Larkin, the federal government rules and regulations right now on marijuana prevents the federal banking system from dealing with anybody in the pot business.

It was founded by Lamine Zarrad, a former Marine, and regulator at the U.S. Office of the Comptroller of the Currency, and it aims to use its tokens to create a crypto - bridge between banks and pot businesses.