You are here

Home 🌿 Marijuana Business News 🌿 3 Ways to Avoid Losing Cash in the Legal Marijuana Industry 🌿

3 Ways to Avoid Losing Cash in the Legal Marijuana Industry

Submitted by Marijuana News on Wed, 06/29/2016 - 08:45

The THC in the marijuana plant is medicinal and the fibers in hemp can be used in manufacturing. This has led to marijuana being legalized in some states in the US. This includes states like Colorado, Washington, Oregon and Alaska. It is expected that 16 more states will legalize the use of marijuana within the next 5 years. 14 of these states will legalize the use of recreational marijuana and 2 states will legalize medical marijuana. It is projected that by the end of 2019, legal marijuana will bring in a combined income of $ 19 billion in all the states that it has been legalized in.

Marijuana brings in a lot of cash though the banks are scared of serving marijuana business since Federal agencies might slap them with money laundering charges. Since the business has been shunned by banks, the marijuana business...

READ MORE: 
Alexander Reichmann
e-mail icon Facebook icon Twitter icon LinkedIn icon Reddit icon
Rate this article: 
Region: 
Colorado
Oregon
Washington
Alaska
United States

This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.


420 Intel is Your Source for Marijuana News

420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.

420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.

Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.

You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.