Business
Senate Could Vote to Allow Marijuana Banking This Week
The U.S. Senate could soon vote to finally allow banks to do business with marijuana providers without fear of criminal prosecution. Due to current federal money laundering and drug laws, most financial services providers are reluctant to take on cannabis businesses as clients, even those that operate legally under state law. As a result, many marijuana dispensaries are forced to operate […]
Medical Marijuana Lobbyist Forms Group Opposing Legalization in Massachusetts
A lobbyist for Boston’s only medical cannabis dispensary has formed a campaign committee to oppose broader marijuana legalization. According to public records filed with the state Office of Campaign & Political Finance on Wednesday, the purpose of the new group, Safe Cannabis Massachusetts, is “opposition to the ballot initiative to regulate and tax marijuana like alcohol”that is expected to be voted on […]