Casino Industry Grapples With Medical Marijuana Issues

The problem? In the eyes of federal prosecutors, marijuana is still viewed as an illegal narcotic.

Investment in a business that sells a product in Nevada which could land someone prison time in another state doesn’t interact well with state gaming regulations.

For now, the Control Board is advising license holders to stay away from medical marijuana. If you’re thinking about applying for a Nevada gaming license, it might not be a good idea to invest in pot. That would give us some cause for concern, Gaming Control Board Chairman A.G. Burnett said.

We would be remiss if we didn’t consider that activity as part of the investigation. It’s a gamble and you need to think it through. Gaming is not alone. Banks and credit card companies have avoided working with marijuana businesses for fear of federal prosecution.

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