Medical Marijuana business in usa

Business in the USA gets Tougher Because of Medical Marijuana: Here is why?

The fact that 26 states allow the sale of cannabis does not change things for those in the medical marijuana business. This is because the federal law does not in itself allow the sale of marijuana. Even though it does not prosecute those that are licensed by the state, some lawyers, investors and accountants still cannot act against the federal law. This leaves the whole situation even more complicated and tricky. One Pete Kadens, a partner based in Chicago recorded the difficulties that they face when making simple financial transactions. He states that even the most straightforward transactions suddenly become very complicated where medical marijuana is involved. Mr. Kadens is a partner with the Green Thumb Industries which operates two dispensaries and two cannabis cultivation sites in Illinois. He also claimed that it took them four months to open a bank account which normally takes a day. These complaints have …

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