Feds could nip pot businesses in the bud

Feds could nip pot businesses in the bud
Local News

By Lauren Glendenning

The federal government is stockpiling hundreds of “suspicious activity reports” that could provide federal agents with sufficient evidence to shut down any state-legalized marijuana business. While it may appear that federal authorities have taken a wait-and-see approach to marijuana legalization in the 23 states that now allow either medical or recreational use, these reports are poised like a blade over the budding industry should federal laws be enforced. This risk of federal prosecution has led some cannabis companies to literally launder their money. “You used to be able to just smell it,” said Jennifer Waller, vice president of the Colorado …

Source:: Vail Daily Feed