Landing the Right Retail (Marijuana) Location - Marijuana Business Magazine
[{"id": "dh2fo25", "text": "What this article fails to mention is that properties with loans may not be able to accept the use.  \n\nIn my experience working with marijuana related businesses, if a property has a loan, the bank may not be able to approve the use.\n\nHas anybody found this an issue?", "replies": [{"id": "dh2njfi", "text": "This can indeed be an issue. \n\nTo sum it up:\nEven in states with legalized or decriminalized marijuana, it's still considered illegal and a Schedule 1 drug by the Federal Government.\nBy law, banks must follow both state and federal regulations, and this poses a challenge for marijuana companies that want to open bank accounts, accept credit cards at their dispensaries, take out a bank loan, or even take over a property that has an existing loan.\n \nWe go into it more in detail here if you're interested:\nhttps://www.forbes.com/sites/elyrazin/2016/05/18/how-retail-lows-could-lead-to-marijuana-highs/#3886d45578cc", "replies": [], "depth": 2}], "depth": 1}]