Reliable Cannabis Banking Partner in Washington, DC
Legislators in Washington, DC, have approved legislation aimed explicitly at unlicensed cannabis “gifting” stores. This move potentially provides authorities with enhanced measures to crack down on these illicit retailers.
Despite the presence of a legal medical marijuana program in the District of Columbia, the unlicensed stores operate independently from it.
The stores operate by selling non-marijuana items with a bundled “gift” of cannabis. They have posed a persistent challenge to authorities in Washington, DC.
The newly enacted Washington, DC cannabis banking emergency legislation empowers the District’s Alcohol Beverage and Cannabis Administration (ABCA) to issue warnings, fines, and cease-and-desist orders. This authority applies to unlicensed businesses that have not applied to the medical cannabis program.
This law allows ABCA and DC police to check retailer finances and confiscate illegally produced cannabis. ABCA can now impose fines on commercial landlords who disregard warnings about their properties for illegal cannabis businesses.
The legislation received unanimous approval from the DC Council on Tuesday. It now awaits Mayor Muriel Bowser’s signature to become law.
If the authorities don’t address this legal gap, it could render the onramp to legal medical marijuana sales and marijuana banking in Washington, DC, meaningless. It would allow unlicensed establishments that do not apply to continue operations, causing significant harm to the compliant businesses using it.
Help and support from providers of marijuana banking in Washington, DC, are crucial. Whether you’re into vapes, edibles, beverages, or biotech, we help you navigate changing regulations and find legal investment opportunities.
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