- Feb 23, 2005
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I saw a hint of this on a show, and thought...I hadnt thought of that! Although pot may be legal in many states, the money coming from a federally declared illegal substance gives shop owners no choice but to launder their money. Interesting indeed. The only solution I can see if federally legalizaing it.
Legal Marijuana: The $9 Billion Industry That Most Banks Won't Touch
The entire U.S. economy is missing a huge growth opportunity because cannabis companies still cannot work with national banks.
www.forbes.com