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New banking rules create barriers for state’s medical pot businesses
 For the first time since opening his medical cannabis business, Len Goodman feels like a drug dealer.

Goodman and his wife, Susan, are owners of NewMexiCann, a state-licensed provider of medical marijuana to some 1,300 customers. With one location in Santa Fe, they soon hope to expand here and open a shop in Taos. But as of this week, they have no bank to service their business or their customers.

Len Goodman said his patrons cannot use credit cards, so they must pay with cash or a check. His 23 employees are paid with dollar bills stuffed in envelopes, and he has to shuffle money off-site several times a day to seven different safes at undisclosed locations. All vendors — such as a janitorial service — have been pre-paid until the end of the year. [Read More]

Rob Meagher

Rob Meagher

Rob Meagher, CBE’s Founder, President and Editor-in-Chief is a 30 year veteran of the media world. His career has spanned from stints representing the Washington Post, USA Weekend, Reader’s Digest, Financial World & Corporate Finance to the technology world where he worked at International Data Group and Ziff Davis where he was part of the launch team for The Web Magazine, Yahoo Internet Life, Smart Business and Expedia Travels before starting his own marketing and Publisher’s Representative Firm. He also ran all print and online media sales and marketing for the Society for Human Resource Management before partnering with Forbes and then Fortune to create Special Sections covering a variety of topics. Rob, who started CBE Press in 2014, can be contacted at [email protected]

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