Proposition 64 legalises adult nonmedical use of marijuana, creates a system for
regulating marijuana businesses and products, and, imposes taxes on sales and cultivation.
Not exact matches
Licensed and
regulated pot shops are doing a booming
business in Colorado after voters approved recreational
marijuana use.
«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.
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.
Financial institutions are
regulated by the federal government and are subject to criminal and administrative sanctions if they offer services to
marijuana businesses.
We could have
regulated places growing
marijuana, if it was legal, that pay hydro bills, taxes and other expenses that relate to a
business operation.