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3 Ways to Avoid Losing Cash in the Legal Marijuana Industry

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Submitted by Marijuana News on Wed, 06/29/2016 - 08:45

The THC in the marijuana plant is medicinal and the fibers in hemp can be used in manufacturing. This has led to marijuana being legalized in some states in the US. This includes states like Colorado, Washington, Oregon and Alaska. It is expected that 16 more states will legalize the use of marijuana within the next 5 years. 14 of these states will legalize the use of recreational marijuana and 2 states will legalize medical marijuana. It is projected that by the end of 2019, legal marijuana will bring in a combined income of $ 19 billion in all the states that it has been legalized in.

Marijuana brings in a lot of cash though the banks are scared of serving marijuana business since Federal agencies might slap them with money laundering charges. Since the business has been shunned by banks, the marijuana business...

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Alexander Reichmann
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