By Jennifer Kane, Related Press
(AP) — Blüm marijuana dispensary actually doesn’t seem like a meals truck. There are not any rooster wings or tacos on the Reno, Nevada retailer, simply shows of bagged gum drops, jarred marijuana and oils and balms.
If you happen to use your bank card, although, your assertion will present that you simply simply made a purchase order on the “Midgrun Eats LLC meals truck.”
Why? Canna-business consultants say it’s a backdoor tactic to skirt federal banking rules and increase enterprise.
“It’s not even again door, it’s extra like an higher window,” Jeremy Skaff, of Colorado-based Journey Enterprise Options, informed the Reno Gazette-Journal.
The “meals truck” label may be the important thing to the enterprise’s uncommon skill to take bank cards — an anomaly within the historically cash-only marijuana trade.
Blüm representatives declined to remark. However calls to all six Blüm marijuana dispensaries in Nevada and California confirmed all of them take bank cards.
Visits and calls to all different dispensaries in Washoe County discovered no different dispensaries taking bank cards.
As a result of marijuana stays unlawful on the federal degree, regulated and insured banks sometimes refuse to deal instantly with marijuana-related companies. Enterprise consultants say the dispensary, owned by California-based cannabis titan Terra Tech, might face federal inquiry and banking fines.
AP Picture/Morgan Lee