By NCIA
|
October 8, 2015

Yahoo Finance: Marijuana companies struggle to find a place to put their green


A widely recognized benefit of marijuana legalization is the ability to regulate an industry that has previously thrived on the black market. But current financing standards are keeping legal businesses in the complicated, and expensive, practice of all-cash operations — from not being able to accept credit cards to figuring out how to store and keep track of their money and handling payroll.

In an address to the National Cannabis Industry Association’s Cannabis Business Summit in New York in September, Sen. Kirsten Gillibrand, a New York Democrat, identified this risk as one of the primary impediments to patient access to medical marijuana.

Read more: http://finance.yahoo.com/news/marijuana-companies-struggle-place-put-134842938.html

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

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