Banking Problems for Marijuana Companies Will Continue
Taylor West of The National Cannabis Industry Association says until the federal government assures banks they aren't breaking the law, they will continue to decline marijuana companies' business.
Marijuana companies are struggling to have normal banking relationships since the government continues to label the drug a controlled substance. Taylor West of The National Cannabis Industry Association believes that until the federal government assures banks, in writing, that they aren't breaking the law, they will continue to decline the business. So far, states have had no problem banking the tax receipts they receive from the cannabis companies.
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