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Marijuana Businesses Offer Opportunities, But Also Risks

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Submitted by Marijuana News on Mon, 04/20/2015 - 08:00

In emerging marijuana businesses both the opportunities and the risks are, pardon the pun, high. The same could be said for the industry’s startup potential.

And even though traditional banks are not getting behind the industry just yet, there are investors in the marijuana industry. But even if you decide to take on a backer in your marijuana-related business, it doesn’t diminish the myriad risks.

Rx Marijuana Use in Nearly Half the U.S.

The use of medical marijuana is hardly taboo these days. Currently, 23 states and the District of Columbia have laws on the books that allow for some form of medical marijuana use. According to data compiled by ProCon.org, New York, Minnesota, and Maryland passed laws in 2014 to grant the use of prescription marijuana.

Eleven states passed laws in just the last five years and more are currently considering similar measures.

Out in the Open...

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