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Re: JellyDonut post# 14771

Tuesday, 12/26/2017 8:23:04 AM

Tuesday, December 26, 2017 8:23:04 AM

Post# of 19855
This company really blew it.

What did our company do in December? They get out of the fastest growing business and into a dead, old, tired, rich man's biz.

The mj biz is so good, banks will have difficulties handling all of the new money coming from mj.

UPDATED DECEMBER 21, 2017 01:08 PM

"SACRAMENTO, Calif. – California has a possible solution to the problem of banks being unwilling to handle money from the state's multibillion-dollar legal marijuana industry, one that officials say would be the first system of its kind in the nation.

Talks are underway between the state, banks and federal regulators on a plan to allow banks to serve a marijuana market that is expected to grow to $7 billion annually by 2020 in California. Starting Jan. 1, it will be legal to grow and sell marijuana for recreational and medical uses."