Edgewater’s $13 million civic center, partly funded by cannabis cash, opens Sunday

EDGEWATER — This weekend, thanks to its bustling marijuana trade, this tiny city on the western shore of Sloan’s Lake will forge a new civic identity with the opening of a $ 13 million municipal complex complete with library, police station, fitness center and city offices. Without $ 3 million…

Continue reading

With marijuana banking legislation stalled, cannabusinesses awash with cash, vulnerable to violent crime

Published: Feb 10, 2018, 2:05 pm • Updated: Feb 10, 2018, 2:05 pm By Stuart Leavenworth, McClatchy Washington Bureau WASHINGTON — Stung by robberies in California, Colorado, Washington and other states, the cannabis industry is pressing Congress to change federal banking laws so that its retailers no longer have to…

Continue reading

Cops seized $22 million in marijuana cash from a Miami hydroponics shop owner. He won’t lose it all

Published: Feb 9, 2018, 1:51 pm • Updated: Feb 9, 2018, 1:52 pm By David Ovalle, Miami Herald MIAMI — The Miami Lakes man found with $ 22 million in suspected marijuana cash stuffed in orange buckets inside his house pleaded guilty Wednesday — but he won’t be losing all…

Continue reading

Elderly California Couple Arrested Again With Cannabis “Gifts” and Duffel Bag Full of Cash

Elderly California Couple Arrested Again With Cannabis “Gifts” and Duffel Bag Full of Cash The same elderly couple from California arrested last month for transporting 60 pounds of cannabis which they claimed to be given away as Christmas gifts were caught again in Nebraska. However, this time they were suspected…

Continue reading

A Maryland bank is quietly solving the marijuana industry’s cash problem

Published: Jan 3, 2018, 9:33 am • Updated: Jan 3, 2018, 9:35 am By Aaron Gregg, The Washington Post Most banks refuse to open accounts for cannabis-related businesses even in states where pot is legal, citing federal laws that outlaw the drug and consider it on par with cocaine and…

Continue reading

California proposes coalition of marijuana states — and armored cars for tax cash

Published: Nov 7, 2017, 11:49 am • Updated: Nov 7, 2017, 1:02 pm By Michael R. Blood, The Associated Press LOS ANGELES (AP) — California should use armored cars to transport hundreds of millions of dollars in cash tax payments expected next year with the state’s legal marijuana market, the…

Continue reading

Can Nevada casinos cash in on cannabis industry without breaking federal law?

Published: Sep 21, 2017, 7:59 am • Updated: Sep 21, 2017, 8:36 am By Regina Garcia Cano, The Associated Press LAS VEGAS — Nevada Gov. Brian Sandoval on Wednesday ordered a committee to make policy recommendations on the interactions between the state’s long-established gambling industry and a budding, yet exceedingly…

Continue reading

U.S. Postal Service refuses to deliver box of tax cash from Alaskan pot shop

Published: Apr 27, 2017, 8:59 am • Updated: Apr 27, 2017, 10:24 am By The Associated Press JUNEAU, Alaska — An Alaska marijuana retailer’s tax payment has been sent back to the business after the U.S. Postal Service refused to ship the money. Rainforest Farms had recently tried to send…

Continue reading