05
March
Cannabis merchants seek regulatory clarity, banking solutions
While medical and recreational forms of marijuana are legal in thirty states and the District of Columbia, cannabis merchants face continuing regulatory uncertainties and blatant hostilities from the U.S. Department of Justice. Recent remarks by U.S. Attorney General Jeff Sessions linked cannabis sales with criminal gangs, violence and a national drug crisis, despite growing public support and reported socio-economic benefits of cannabis usage.
A study published March 12, 2018, by Colorado State University-Pueblo’s Institute of Cannabis Research, and funded by local and state cannabis taxes, found the Pueblo area netted $35