Don't Undermine the Medical Marijuana IndustryScott Shane
Consider two small business owners: One sells a product that medical researchers have shown is a major cause of health problems, from cancer to heart disease. The other provides a medical treatment that doctors prescribe for glaucoma, pain, and the side effects of chemotherapy. Which owner can borrow from a bank and deduct expenses on income tax returns? The answer is the first, who sells cigarettes; the second, who sells medical marijuana, cannot. (To be clear, dispensary owners aren't prohibited from applying for bank credit. The trouble is anti-money laundering statutes intended to stop illegal drug dealers make banks reluctant to do business with legal dealers.)
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