Could new legislation or a federal marijuana banking law cause current banking and cannabis business restrictions to go up in smoke?

While pending legislation may hint at the possibility, Arizona leaders say it might be slightly premature to bank on anything just yet.

Presently, any cannabis-related business remains illegal under federal law.

This means that although medical marijuana dispensaries can legally own and operate a licensed facility, when it comes to banking, they face significant roadblocks because of the federal law. 

Click here to read the complete article

Erin Thorburn ~ AZBigMedia.com ~

Recent News Articles

Tuesday August 20

Wasn’t the DEA Going to Let Others Grow Research-Grade Cannabis?

in Science

by Bruce Kennedy - Editor in Chief

Arizona-based researcher Dr. Sue Sisley is spearheading an extraordinary lawsuit against the U.S. Drug Enforcement…

173 hits

Tuesday August 20

California’s legal marijuana will outsell the black market in 5 years, forecast says

in U.S. News

by Bruce Kennedy - Editor in Chief

California’s black market for marijuana still rakes in more cash than the state’s legal cannabis…

178 hits

Tuesday August 20

Study on cannabis chemical as a treatment for pancreatic cancer may have 'major impact,' Harvard…

in Medical News

by Bruce Kennedy - Editor in Chief

Pancreatic cancer makes up just 3 percent of all cancers in America. But with a…

368 hits

Wednesday August 21

Former MLB All-Star Shane Victorino Talks Plans To Give Back To Hawaii Through New Cannabis…

in Sports

by Bruce Kennedy - Editor in Chief

Scores of athletes have entered the cannabis space in recent years. A few notable names…

172 hits

Thursday August 22

Colorado Researchers Study Cannabis and Athletes

in Sports

by Mike Fuller

A group of Colorado researchers recently studied how cannabis use affects athletes, and found a…

172 hits