NJ Spotlight News
Lack of banking options frustrates small cannabis operators
Clip: 4/26/2022 | 4m 20sVideo has Closed Captions
Cannabis entrepreneurs are hamstrung by federal law
The state’s newly legal cannabis market is expected to bring in millions, if not billions, of dollars once fully operating. New Jersey is now the 18th state to allow the sale of recreational cannabis. But because the sale of recreational pot is still illegal on the federal level, most banks are waiting for the regulatory environment to clear up before dealing with the industry.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS
NJ Spotlight News
Lack of banking options frustrates small cannabis operators
Clip: 4/26/2022 | 4m 20sVideo has Closed Captions
The state’s newly legal cannabis market is expected to bring in millions, if not billions, of dollars once fully operating. New Jersey is now the 18th state to allow the sale of recreational cannabis. But because the sale of recreational pot is still illegal on the federal level, most banks are waiting for the regulatory environment to clear up before dealing with the industry.
Problems playing video? | Closed Captioning Feedback
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Video has Closed Captions
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Some 16 units will be set aside as affordable housing (1m 3s)
What does Elon Musk's purchase of Twitter mean?
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Critics worry Musk will silence those with whom he disagrees (3m 35s)
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS