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Last week, the Progressive Liberal Party (PLP) government tabled a compendium of bills aimed at legalizing the medical and religious use of cannabis as well as the decriminalizing small amounts
LOS ANGELES -- The Biden administration's move to reclassify marijuana as a less dangerous but still controlled drug was hailed as a monumental step in reshaping national policy. But it might do little to ease a longstanding problem in the cannabis industry -- a lack of loans, checking accounts and banking services that other businesses take for granted.
LOS ANGELES -- The Biden administration's move to reclassify marijuana as a less dangerous but still controlled drug was hailed as a monumental step in reshaping national policy. But it might do little to ease a longstanding problem in the cannabis industry -- a lack of loans, checking accounts and banking services that other businesses take for granted.
Most Americans now live in states where marijuana is legally available in some form. But there’s a problem when it comes to banks: Many don’t want anything to do with cannabis money. That forces many businesses to operate only in cash — making them ripe targets for crime.
Most Americans now live in states where marijuana is legally available in some form. But there’s a problem when it comes to banks: Many don’t want anything to do with cannabis money. That forces many businesses to operate only in cash — making them ripe targets for crime.