It didn\u2019t take long for recreational marijuana businesses in Uruguay to encounter a key challenge that hinders U.S. cannabis companies \u2013 banking.<\/p>\n
Uruguayan pharmacies began selling adult-use cannabis<\/a>\u00a0July 19, but the South American nation\u2019s banks are refusing to do business with companies with ties to marijuana.<\/p>\n A\u00a0government official \u2013 speaking on the condition of anonymity \u2013 said Uruguayan banks that deal with companies that sell rec marijuana risk running afoul of international finance laws. U.S. financial institutions, meanwhile, are hesitant to bank marijuana businesses<\/a> because cannabis remains illegal at the federal level.<\/p>\n Uruguay\u2019s largest<\/p>\n …<\/p>\n Banking troubles for Uruguay\u2019s recreational cannabis businesses<\/a> is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs<\/a><\/p>\n
It didn\u2019t take long for recreational marijuana businesses in Uruguay to encounter a key challenge that hinders U.S. cannabis companies \u2013 banking. Uruguayan pharmacies began selling adult-use cannabis\u00a0July 19, but the South American nation\u2019s banks are refusing to do business with companies with ties to marijuana. A\u00a0government official \u2013 speakingContinue Reading<\/a><\/span><\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[167,4,172,857,246,19,1269],"tags":[],"_links":{"self":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/18750"}],"collection":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/comments?post=18750"}],"version-history":[{"count":1,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/18750\/revisions"}],"predecessor-version":[{"id":18751,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/18750\/revisions\/18751"}],"wp:attachment":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media?parent=18750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/categories?post=18750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/tags?post=18750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nRead More: Banking troubles for Uruguay\u2019s recreational cannabis businesses<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"