I had read that - good article.
Clearly states how vexing it is for a small private company to deal with all cash - to this degree, "To try to keep the banks from catching on, he said, he even sprays his cash with Febreze to disguise the scent of marijuana."
Banks are very skittish about dealing with MJ Co's.
" Without specific guidelines, many banks might continue to refuse transactions with legal marijuana businesses.
Richard Riese, senior vice president for regulatory compliance at the American Bankers Association, said this month that banks would want to know, for instance, that they were not “aiding and abetting” a criminal enterprise if they provided such services.
“Banks will need a lot of detail from regulators to get the satisfaction and comfort they are looking for,” he said."
How will a pubco persuade the shareholder, true or potential, that their books are clean?
Thanks for posting that - it really supports my post.
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