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Without bankruptcy option, personal assets are at risk Finance: Sales, Distribution, Banking, Funding 

Without bankruptcy option, personal assets are at risk

Starting a cannabis business legally under state law requires owners to consider a wide range of possible challenges. Some of the major considerations include possible federal enforcement issues if the DEA changes its stance regarding the Cole Memo; concerns with banking because many FDIC-insured banks do not want to handle cannabis business accounts; potentially limited growth options since businesses cannot move product across state lines; and personal financial and safety concerns related to being in a cash industry.

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