Banks Unlikely to Light Up with Marijuana Business Customers

Since Washington voters approved I-502 in November 2012, the Washington State Liquor Control Board (“LCB”) has been working to create and implement the regulatory structure for the new, legal, recreational marijuana market. As of this writing, the roll-out of taxable product to consumers is just around the corner. That sounds like a win-win situation for entrepreneurs and for the state, right? Not so fast.

Author:  Hilary Mohr.

Published in Business Law Section of the Washington State Bar Association, Summer 2014

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