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Justice Department Considers Easing Restrictions on Loans for Investors in Marijuana Industry

Steve Neavling
ticklethewire.com

With the legalization of marijuana in Colorado, investors want to open up businesses to sell pot.

Trouble is, they are reluctant to borrow money because of Justice Department regulations on such loans, the Motherboard reports.

The Justice Department, which until recently was still aggressively pursuing pot shops, is considering easing those regulations so banks can lend money to people involved in the marijuana industry.

Businesses now are barred from legally borrowing money to set up a marijuana business in most cases, the Motherboard reports.


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