California Pot Growers Paying Taxes with Bags of Cash


Perhaps the biggest problem faced by marijuana businesses in states where recreational and medical pot is legal is not being able to find a bank that will do business with them. While the sale of marijuana products is state-legal, the federal government continues to list marijuana as a Schedule 1 drug (along with heroin and cocaine) and nationally accredited banks doing business with marijuana-related businesses could lose their charter or even be charged with money laundering.

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