21 Aug 2017

Banking troubles for Uruguay’s recreational cannabis businesses

It didn’t take long for recreational marijuana businesses in Uruguay to encounter a key challenge that hinders U.S. cannabis companies – banking. Uruguayan pharmacies began selling adult-use cannabis July 19, but the South American nation’s banks are refusing to do business with companies with ties to marijuana. A government official – speaking on the condition of anonymity – said Uruguayan banks that deal with companies that sell rec marijuana risk running afoul of international finance laws. U.S. financial institutions, meanwhile, are hesitant to bank marijuana businesses because cannabis remains illegal at the federal level. Uruguay’s largest ... Banking troubles for Uruguay’s recreational cannabis businesses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

21 Aug 2017

Banking troubles for Uruguay’s recreational cannabis businesses

It didn’t take long for recreational marijuana businesses in Uruguay to encounter a key challenge that hinders U.S. cannabis companies – banking. Uruguayan pharmacies began selling adult-use cannabis July 19, but the South American nation’s banks are refusing to do business with companies with ties to marijuana. A government official – speaking on the condition of anonymity – said Uruguayan banks that deal with companies that sell rec marijuana risk running afoul of international finance laws. U.S. financial institutions, meanwhile, are hesitant to bank marijuana businesses because cannabis remains illegal at the federal level. Uruguay’s largest ... Banking troubles for Uruguay’s recreational cannabis businesses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


InvestInCannabis.com - Homepage Request Form

Request an Invitation

eCann Media is proud to showcase our portfolio of investments and subsidiaries. We have completed numerous investments across multiple verticals and sectors in the cannabis industry. Requesting an invitation will enable the eCann team to consider your eligibility for investment as well help us to identify the opportunities that best fit your needs and investment objectives.


Captcha

Please enter the characters you see in this picture:

Visual CAPTCHA

This helps prevent automated form submissions. If you are not sure what the characters are, make your best guess. You will have another try in the next screen.
Can't see the image? Click here for an audible version in English.

Need assistance with this form?