Wednesday, February 20, 2013

Medical Marijuana Centers May Pose Quandary For Mass.Banks


Despite winning popular support in some state elections in recent years, Joseph Stevens has launched a new business venture that the “right people” just don’t like. The right people being bankers, that is.
Stevens is CEO of the Greenleaf Compassion Center in Montclair, NJ, a medical marijuana dispensary. Greenleaf opened in December, 2012, after a two-year struggle to begin operations. Along the way, Stevens says he saw plenty of politics and red tape, but no financing. Local banks and credit unions just didn’t want to touch him.
(See my complete article on the topic in Banker & Tradesman)

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