Legalized cannabis isn't good business – yet
Warning message
The subscription service is currently unavailable. Please try again later.Marijuana has been smokin’ hot lately, with Wall Street trying to tap into the reefer madness with all sorts of funds aimed at businesses in Colorado and Washington state.
That being said, legalizing or decriminalizing cannabis is not the same as making it good business.
Federal law still considers marijuana a Class I drug (with no redeeming medical value), effectively denying marijuana entrepreneurs access to banking and other financial services and forcing them to operate using large sums of cash.
Some 23 states (and the District of Columbia) have passed measures allowing for some degree of legal recreational and/or medicinal cannabis consumption.
In the Big Apple, Mayor de Blasio announced in November that cops would no longer be arresting people caught with 25 grams of pot or less. On the state level, a limited medical marijuana law is set to take effect next year.
In the Senate, New York’s Kirsten...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Follow us on Instagram
Connect with us on Linkedin