Law Practice
Feb. 26, 2018
Lawyers for pot businesses see a hazy landscape
While some say the industry is booming, others point to bank and tax problems as well as fear of Feds.
ZIEGLER
In the wake of Attorney General Jeff Sessions’ memo instructing local law enforcement to follow federal regulations on marijuana, the nascent legal market for the drug in California is dealing with an uncertain landscape for business owners and investors.
Major issues facing marijuana businesses include banks’ unwillingness to deal openly with them, tax code roadblocks and the standing federal prohibition.
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