Episode 602: Big Weed
by from NPR: Planet Money on (#2XVX)
Episode 602: Big Weed February 06, 2015 8:33 PM ET Listen 20 min 1 sec
An employee waters plants at Tilray, the Canadian medical marijuana company owned by Privateer Holdings.
Privateer HoldingsPot is now legal in some states. But on the federal level, it's illegal. The legal gray area means banks in the U.S. are wary to give pot businesses access to basic financial instruments - like checking accounts.
Today on the show, we visit a country where medical marijuana is fully legal. And we see how bank accounts, loans, and investors can transform an industry.
Music: Jungle's "Busy Earning" Find us: Twitter/ Facebook/ Spotify/ Tumblr.
Copyright 2015 NPR. To see more, visit http://www.npr.org/.