Marijuana is now legal in 38 states, though not federally. In Martha’s Vineyard, among other places, legal issues have been a bringdown.
The Senate Banking Committee hearing this week will consider the question of allowing cannabis business owners to open bank accounts for their companies legally.
More than three dozen states have legalized the medical use of cannabis products. But for some patients, it’s not an affordable option.
Insuring a store full of a substance that’s still illegal under federal law isn’t cheap.
Most banks shy away from letting cannabis businesses open accounts, fearful they could run afoul of federal laws.
Things are changing in Nevada, where a new law restricts employer drug tests.
Bloomberg TV reports the soft drinks giant is in talks with Aurora Cannabis of Canada, though Coca-Cola says "no decisions have been made."
Will this be the catalyst for big pharmaceutical companies to get into the pot business?
A couple hundred business owners push for the federal legalization of marijuana so their companies can grow.
There are more than 60,000 cannabis companies in North America alone.
