Understanding the Cannabis Industry and Its Risks to Investors
The cannabis industry may be at an inflection point now. Michigan became the 10th state to legalize marijuana for recreational use while Missouri and Utah …
Well the biggest problem in the US is unlike Canada, the competing Federal and State laws when it comes down to monetizing on the profits and just to find a bank that is willing to accept legal weed biz as a customer. While several states legalized the weed biz the federal laws still regard bank deposits of them as money laundering attempts. Leading ot the curious situation that some banks accept legal weed biz while still risking federal prosecution. In Europe, there is a mix of already legalized weed businesses with high entry levels for interested investors and startup in terms of regulation and banking and some countries still debating on how to regulate the market.
Well the biggest problem in the US is unlike Canada, the competing Federal and State laws when it comes down to monetizing on the profits and just to find a bank that is willing to accept legal weed biz as a customer. While several states legalized the weed biz the federal laws still regard bank deposits of them as money laundering attempts. Leading ot the curious situation that some banks accept legal weed biz while still risking federal prosecution. In Europe, there is a mix of already legalized weed businesses with high entry levels for interested investors and startup in terms of regulation and banking and some countries still debating on how to regulate the market.
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SHOUT OUT CANADA FOR LEGALIZING
thank you for this video, learned alot
Legalize marijuana everywhere!
Great vid man