InvestorsHub Logo
icon url

surfkast

11/15/19 8:56 AM

#55689 RE: NRS2005 #55661

Generally speaking, legal experts agree that Opportunity Zone funding cannot directly fund a marijuana operation because cannabis is still an illegal Schedule I narcotic under the Controlled Substances Act at the federal level but could, on the other hand, provide equity to a real estate project that ultimately leases space to one or more businesses involved in the state's fledgling recreational pot industry.

https://www.crainsdetroit.com/marijuana/rules-murky-opportunity-zones-cannabis-businesses