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The Multibillion-Dollar Marijuana Industry Could Soon Come Out of the ‘Gray Market’

The Multibillion-Dollar Marijuana #Industry Could Soon Come Out of the ‘Gray Market’ #banks

  • – Read the entire article at Business Insider .
  • Marijuana is still listed as a Schedule 1 substance by the federal government, so marijuana businesses in states where recreational use is legal, like Colorado, are forced to operate on an all-cash basis.
  • The vote on Thursday approved an amendment to the Financial Services and General Government Appropriations Bil, which provides annual funding for some government agencies, including the Treasury Department.
  • The Senate Appropriations Committee voted on Thursday to allow banks to provide financial services to legal recreational and medical marijuana dispensaries, according to The Denver Post.
  • A new addition to the land-use bylaw will see restrictions for Calgary’s marijuana counselling establishments….

Read the full article, click here.


@CannabisCulture: “The Multibillion-Dollar Marijuana #Industry Could Soon Come Out of the ‘Gray Market’ #banks”


The Senate Appropriations Committee voted on Thursday to allow banks to provide financial services to legal recreational and medical marijuana dispensaries, according to The Denver Post.


The Multibillion-Dollar Marijuana Industry Could Soon Come Out of the ‘Gray Market’

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