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Native American Organics: Another Tribal Gaming Industry?

Submitted by Marijuana News on Thu, 06/18/2015 - 01:01

Tex “Red-Tipped Arrow” Hall, a former Chairman of the Mandan, Hidatsa and Arikara (MHA) Nation, could be spearheading a movement to establish cannabis businesses among Native American tribes.

Investors have been salivating over opportunities to partner with Native American tribes to grow and sell marijuana since last year, when the Department of Justicereleased a memo stating that the legal enforcement priority policies outlined in the Cole Memo also apply to “Indian Country.” But tribes in the United States have still been slow-going when it comes to launching dispensaries and cultivation facilities, and many have expressed conflicted views about whether they even desire to enter the industry.

From a business perspective, it seems like a natural match—Native American tribes have been profiting from their tribal sovereignty for years through the casino and gaming industry. Exempt from federal taxes and certain legal regulations, these self-governing political bodies seem all but guaranteed...

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