Pittsburgh Business Attorneys

Banking on pot in Pennsylvania

Banking on pot in Pennsylvania

Financial institutions should do business with legal marijuana sellers

By James F. Bauerle

August 15, 2017

Sales of $150 million are expected next year in Pennsylvania when legalized medical marijuana comes to market. Colorado, Washington and California each report annual sales exceeding $1 billion. Yet growers, processors and dispensaries in all states must do business in cash because marijuana remains an illegal substance under federal law.

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15 August 2017