Man In Thorton Who Solicited Investors For Pot On Craigslist Ordered To Stop Operations

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I’m running a legal business and I’m treated as though I’m not. A Green Alternative opened in Otay Mesa in March. In four months, they’ve seen an average of 75 patients a day, 7 days a week. Since marijuana is still considered illegal under federal law, Dr. Blair says banks won’t approve loans, give their company bank accounts or process credit cards.

“It’s just a cash nightmare”, said Dr. Blair.

This reported multi-million dollar business pays their employees and vendors in cash and customers have to use an ATM. Similar to having a savings account under your mattress, the company puts all their cash in a safe with armed guards. Proposed federal legislation would guarantee banks no hassle from regulators for working with dispensaries, but that’s months away.

To read more visit http://fox5sandiego.com/2015/07/19/banks-wont-work-with-legal-pot-shops-owner-says/

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