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Banking, Cash and Cannabis

Cannabis remains federally illegal in the United States. This means it is illegal for banks to handle medical and recreational cannabis revenue. As with other aspects of the cannabis business, the federal illegality of cannabis greatly complicates life for business owners. Large national banks comply with federal law and refrain from doing business with cannabis […]

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Starting a Cannabis Business: License Types

With the recent legalization of recreational cannabis in many states, entrepreneurs may want to start thinking about what kind of cannabis business they want to form. One of the first (and most important) steps to do this is to obtain a business license. Let’s look at the state of New Mexico’s and what their Cannabis […]

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Tips for Starting a Cannabis Business.

Federal Prohibition Continues Despite cannabis being legal in 18 states, the federal government still maintains cannabis prohibition through the Controlled Substances Act. Cannabis prohibition creates numerous challenges for cannabis businesses which other businesses do not face. According to the federal government cannabis businesses are still criminal enterprises. While LLCs do not offer full legal protection, […]

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New Business Alert: Recreational Cannabis Sales to Begin in 2022 for New Mexico

In recent years, many states across the country have liberalized their cannabis laws. It is important to note that while individual states have changed their laws, cannabis remains federally illegal. On April 12, 2021, New Mexico joined the movement when Governor Michelle Lujan Grisham the Cannabis Regulation Act. This act did not immediately legalize recreational […]

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