The Cannabis Industry...Legal Legimate Financial Management... What IsThe Future?

A call for info! Correspondence of sorts...

Recently I was assigned a great topic to write about.  One that many have no idea as to what is taking places behind the scenes in most halls of Congress Right now... The issue it seems is the actual paying for of medical Cannabis (and all its affiliations as well). The point of the issue is that no one really knows where exactly the feds stand when it comes to paying for Marijuana?

As you may already know as either a patient or customer that currently the Cannabis retail business is literally "cash and carry" meaning Dispensaries can only accept cash per every transaction. As Federal laws seems to mildly clash with state laws, no one it seems really knows what the future holds. What is scaring of major banks and most other financial institutions is the fact that the Feds, (namely the Department Of Treasury) still classifies Dispensary sales as funds derived from illegal activity or is an attempt to disguise funds derived from illegal activity, that in itself really outs a damper on things.

What has most confused on the feds stance is the seemingly several positions they seem to have taken here over the last few months, some even contradicting others surprisingly. Take for instance this celebrated memo being circulated around our local, federal and state governments. I'm speaking of the famous "Cole Memo" a memo published back in February of 2014. As the subject line reads it is meant to offer "guidance regarding Marijuana -related related financial crimes. And although the document is 4-pages long it doesn't really, or at least I didn't get it, properly classify Dispensaries clearly anywhere within? So take a look for yourself CLICK HERE! as the memo is free and openly accessible to anyone. See if you can make some sense out of it, I couldn't.

So then a little while after the Cole Memo was released The Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”), published its own expectations regarding marijuana related businesses guidelines. Good luck finding them anywhere in online ( but if you can send me a copy too!) It has been said that the Guidelines do take a little more into consideration, a little more than other agencies are right now at least.

So in conclusion I would like to ask that anyone with any good info please share! As you also may realize the whole issue in itself is spread, thin and all over the place right now so any help would be greatly appreciated and returned in kind..

MORE POWER TO MEDICAL MARIJUANA!