Where Pot Entrepreneurs Go When the Banks Say No

Re:Where Pot Entrepreneurs Go When the Banks Say No by fragmede on Friday January 05, 2018 @02:24PM (#16080904)

Similarly, now that cannabis is legal (for both recreational and medical use) in Nevada, companies that already handle large amounts of cash are well placed to take advantage of this. As it turns out, there's already a large industry that deals with large amounts of cash, which means there's a whole ecosystem out there that supports cash.

That industry?

Las Vegas Casinos.

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Re:Where Pot Entrepreneurs Go When the Banks Say No by dragonwriter on Friday January 05, 2018 @02:32PM (#16080977)

> Similarly, now that cannabis is legal in Nevada

Cannabis is no longer illegal under Nevada state law. As Nevada has not achieved independence from the US federal government, cannabis is not, however, legal in Nevada.

This is important in he context of your comment because, given the history of the Las Vegas Casino industry, I don't think they would want to wave a red flag of what is—from a federal perspective—organized crime in the face of federal authorities.

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