Recreational Pot’s Legal Status Opened More Business
“Legal marijuana’s sensational evolution is helping crack open a previously closed door: money to start and grow cannabis businesses.
Marijuana entrepreneurs routinely are turned down for bank loans or deposit accounts and have struggled to attract financing from private investors.
But thanks largely to recreational pot’s new legal status in Colorado and Washington and more states approving medical marijuana, checkbooks are opening and investment partnerships are being signed.
Colorado business owners are at the hub of a new national network that matches venture capitalists with budding marijuana entrepreneurs…”