Can Congress Be Blamed For Colorado’s Ruling Against Medical Marijuana?

We Are Not Just a Medical Marijuana StockWe have noted before that the lack of a federal law — which only Congress can pass — raises any number of obstacles for companies in the marijuana industry. Dispensaries and growers cannot find bankers willing to take their cash deposits, and even a state government is having difficulty finding a willing bank. With almost half the states having approved the use of medical marijuana, perhaps it is time for Congress to fix a system that is truly broken.

Under federal law, marijuana is a dangerous and illegal drug and that is the end of the story, regardless of the feds’ “wink-wink-nod-nod” approach.

To read more, visit http://247wallst.com/consumer-products/2015/06/22/congress-deserves-blame-for-colorado-ruling-against-medical-marijuana/
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