Protecting Marijuana's $2.7 Billion Cash Industry When Banks Won't
Description
Thanks to recreational legalization in Colorado and Washington, the U.S. marijuana industry exploded from $1.5 billion to $2.7 billion in one year. Most banks are afraid to take money from marijuana-related businesses because of the severe penalties attached to money laundering charges. Companies like Blue Linehave filled the gap, offering assistance navigating the maze of state, local, and federal regulations, protection and delivery of marijuana, protection of the massive amountsof cash, and delivery of said cash for payment to appropriate government agencies.A Reason TV production.
Runtime
4 min 47 sec
Subjects
- Retail trade (126)
- Marketing (459)
- Business enterprises (436)
- Intellectual property (35)
- Justice, Administration of (79)
- Civil law (65)
- Economics (3707)
- Patents (51)
- Wholesale trade (30)
Database
Films on Demand
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