By NCIA
|
September 28, 2015

Cincinnati Enquirer: Legal pot is an all-cash deal since banks are wary


All-cash businesses present their own obvious risks. Taylor West, deputy director of the National Cannabis Industry Association in Denver, said operating with huge amounts of cash generates a major safety issue.

Business owners “have to either keep that cash on site or transport it somewhere to store it, and both of those things make employees sitting ducks for the possibility of some type of violent crime,” West said.

“There have been some burglaries at dispensaries and cultivation sites, but there hasn’t been any mass wave of crime. No one who’s been working in those situations has been killed or serious injured,” she said. “We worry that it’s going to take something like that to get people to pay attention to how dangerous the situation really is.”

Read more: http://www.cincinnati.com/story/news/2015/09/25/legal-pot-cash-deal-since-banks-wary/72807608/

High Times: NY Senator Gillibrand Challenges Cannabis Industry to Support Federal Reform

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