While medical marijuana dispensaries in Los Angeles aren’t completely banned from applying for bank credit, they’re probably not going to get approved for it when they do. This is because anti-money laundering statutes are set up to stop illegal drug dealers. It is these statutes that are making banks hesitant to do business with legal…
Continue reading ›Articles Posted in California Marijuana Dispensaries
Operators and supporters of medical marijuana dispensaries in Los Angeles and elsewhere are having a difficult time doing business with their local banks. A number of banks have turned away these companies because they risk falling afoul of anti-money-laundering and drug-trafficking laws, according to International Business Times. The co-owner of Denver-based dispensary Alpine Herbal Wellness,…
Continue reading ›“Criminally prosecuting adults for making the choice to smoke marijuana is a waste of law enforcement resources and an intrusion on personal freedom,” said Democratic Congressman Barney Frank. U.S. lawmakers recently introduced a new bill that would legalize medical marijuana in Los Angeles and in every other U.S. city. The bill states that each state…
Continue reading ›Local officials are finally welcoming medical marijuana in California — if only because they now see it as a way to increase collected taxes for the city. Cities and states are looking to license commercial growing as the demand for medical marijuana is increasing around the country, but the Federal Government isn’t having it. Our…
Continue reading ›Another city is one step closer to keeping medical marijuana dispensaries out of its city limits. The Glendale City Council considered the permanent ban after it spent close to two years examining and studying their legal standing to do so. Cities have continued attempts to shut down medical marijuana dispensaries, including five recent closures in…
Continue reading ›The Golden Rain Foundation, a group of volunteers that govern a local residential retirement community, is putting their foot down on medical marijuana grow efforts of their community’s residents, according to TIME News Feed. There are approximately 150 residents in the community of 18,000 that have been recommended the use of medical marijuana in California.…
Continue reading ›A new medical marijuana dispensary in California is about to open and you’ll never guess by who — the host of the Montel Williams Show, Montel Williams himself. Williams is a sufferer of multiple sclerosis and has been a medical marijuana advocate for years now, according to OC Weekly. He recently took his supporting role…
Continue reading ›Medical marijuana was legalized by California fifteen years ago. Still, to this day, lawmakers are trying to regulate and tax the billion-dollar industry as medical marijuana dispensaries in Los Angeles and elsewhere throughout the state continue to fight for survival. Recently, lawmakers made a number of attempts to regulate the locations of these pot shops.…
Continue reading ›It’s no secret that cities are having a tough time regulating dispensaries, especially our medical marijuana dispensaries in Los Angeles. It’s also no surprise that after a number of lawsuits challenging these city crackdowns, a new state law has turned up aiming to allow municipalities to put their foot down on these shops. California’s AB…
Continue reading ›A case was recently dropped against the longest-serving medical marijuana dispensary in Los Angeles, and the owner publicly vowed to continue to cultivate marijuana in his own backyard for seriously ill HIV/AIDS patents. The Los Angeles County District Attorney’s Office dropped a criminal case against the owner just days before it was due to go…
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