Bridging The Gap Between Dispensaries And Banks

Because marijuana is illegal federally, most banks won't take the money.

OREGON: In the first week of recreational pot sales, Oregon dispensaries raked in $11 million. But the multi-million dollar question remains: Where should people in the industry be putting their money? Because marijuana is illegal federally, most banks won’t take the money. “We’ve been repeatedly turned down because our company is cannabis based,” said Dan of. Last year the Read the full article…

Buying Marijuana With A Credit Card Just Got Easier

A statement by Visa in early January noted it will rely on the judgment of banks, given that the federal government "will not challenge state laws that legalize and regulate marijuana sales," according to the Denver Post.

The recently released guidelines from the Department of Justice and Treasury are being heralded as finally giving the go-ahead to banks to allow the legalized marijuana industry to bank like any other enterprise. Basically, the government declared that chasing those involved with the newly legal pot business is definitely not at the top of its priority Read the full article…

Joint Venture: Medical Marijuana Entrepreneurs Seek Out Unusual Backers

“What you’re seeing is people with deep pockets and professionals from other industries are the ones getting involved, not necessarily the guy who’s been growing marijuana in his basement for the last decade.”

MASSACHUSETTS: Shut out of traditional bank loans, budding entrepreneurs who want to sell medical marijuana in Massachusetts have been forced to get seed money from a host of unconventional sources — from restaurant and nightclub owners to friends and family, landscapers and even former legislators.

Joint Venture: Medical Marijuana Entrepreneurs Seek Out Unusual Backers

The state attorney general's office asks federal health and education officials for Colorado's colleges and universities to "obtain marijuana from non-federal government sources" for research purposes.

MASSACHUSETTS: Shut out of traditional bank loans, budding entrepreneurs who want to sell medical marijuana in Massachusetts have been forced to get seed money from a host of unconventional sources — from restaurant and nightclub owners to friends and family, landscapers and even former legislators.