Two new bills could make it easier for businesses that sell medical marijuana to stay in the green, er, black. Under the Small Business Banking improvement Act, accredited marijuana dispensaries would be able to apply for bank loans, and the Small Business Tax Equity Act would allow them to deduct business expenses when filing their taxes.
While L.A. has been cracking down in a harsh way on medical marijuana dispensaries, its much cooler cousin up north, Oakland, is opening its arms to embrace the demon weed. Yesterday, the Oakland City Council approved an ordinance that could take pot-growing out of your basement and into legitimate commercial factories.
You know an industry has hit the big time when labor unions decide it’s time to organize the workers. So, it looks like California’s medical marijuana workers are about to reach new highs now that the United Food and Commercial Workers Local 5 in San Jose has begun organizing local pot purveyors. Here’s the big question, though: How long before they start showing up to picket non-union shops with a giant inflatable bong?