Pervasip Corp (PVSP)

[Bjones2]

State can handle Legalization alone, Feds control Banking

It is a less than perfect solution, but States can and are regulating cannabis individually and it works within their borders, but the issue of Banking reform is a different animal that prevents access to capital and use of banking system including credit cards, and force companies to operate as cash only sales etc.

Currently cannabis companies are subject to IRS 280E, that keeps cannabis business from making tax deduction or earning credits that are afforded to other legal markets.

Every business needs to be able to take tax deduction etc this is nuts.