Chris McAlvain and Matt Blackwood were going by the books on their first crop — especially with their combined savings on the line.
They did their research, paid for their license, bought their equipment and cured their harvest for 40 days, three weeks past the minimum recommendation. The founders of Green Sky Pharms, located 45 miles northwest of Oklahoma City, released their first product to the market knowing its value, and they were satisfied.
Then they got a letter from their credit card company.
“They had pinpointed some purchases at grow stores, and from us paying our license fee, you know,” McAlvain said, referring to stores selling supplies to marijuana growers. “They basically told us that we can’t use that card anymore, and if there’s one more charge on our card for anything that seems to be grow-related, then our card will be canceled, and our account will be shut down.”
A day of reckoning may be coming soon for some of Oklahoma’s more than 9,000 marijuana business license holders. And federal bankruptcy laws aren’t going to protect them because while medical marijuana is legal in Oklahoma, it is still illegal on the federal level. [Read more at NONDOC]