The association has praised the feds for providing a roadmap for financial institutions that want to work
with legal marijuana businesses.
Not exact matches
Marijuana interdictions at the Mexican border are down substantially, youth use has not increased in states
with legal access to cannabis, and responsible cannabis
businesses are contributing tens of thousands of jobs and hundreds of millions of dollars in economic impact to their communities.»
Even as medical
marijuana businesses are
legal,
businesses are at risk until a consistent, statewide law
with clear and specific rules is implemented.
Hartfield is involved
with the privately held Ghost Group, and he and his
business partner Doug Francis just announced the launch of Emerald Ocean Capital, a venture capital firm that seeks to invest in
marijuana businesses in the newly -
legal industry.
With marijuana now a
legal business in many states, enthusiasts want to meet online like everybody else.
However, at Guidant we are conservative in our approach so will not take on these types of
businesses — For example starting a pot shop in a state where
marijuana is
legal is not something Guidant will fund
with ROBS, as
marijuana hasn't been legalized federally.
The federal government on Friday issued guidelines for banks seeking to do
business with the
legal marijuana industry, stopping short of a blanket immunity for them, but strongly indicating that prosecutions for such crimes as money laundering would be unlikely.
Last Friday, the federal government released guidelines for banks to conduct
business with the $ 1.5 - billion - a-year
legal marijuana industry.
Knowledgeable and experienced
legal counsel can also help companies in the medical
marijuana and medical cannabis industry structure their
businesses to avoid any non-compliance
with these laws and regulations.
As both government bodies and cannabis - related
businesses are entering uncharted territory
with marijuana, regulatory agencies would like to ensure that the supply comes from
legal vendors and providers.
Businesses dealing
with cryptocurrency and
legal marijuana have had accounts closed and been refused banking services pursuant to a practice labeled «pre-risking» by bank executives.