Historically, it’s been almost impossible for companies in the cannabis and hemp industries to find real estate loan and lending opportunities. Because cannabis is still a federally-recognized illegal substance, it’s incredibly hard for cannabis companies to secure a checking account or line of credit through major banks. This makes it difficult and, in many cases,
The legal status of hemp and cannabis has certainly improved recently, but growers and distributors may still have difficulty finding financial institutions who want to do business with them. Federally insured banks are not allowed to deal with the cannabis business, and other institutions don’t always want to take the risk. Hemp’s newly federal legal
The laws concerning cannabis and hemp have been in flux in recent years, led in part by changing attitudes toward both crops. Some states, such as Colorado, have legalized pot for medical and recreational use, while others, such as Illinois, have made the substance legal for medical use only. Many states have worked to decriminalize
With the Farm Bill passed, there are some experts who are forecasting that the hemp growing industry could exceed $20 billion by 2022. Up until the passing of this bill, the industrial production of hemp in the United States was limited to mainly pilot or research programs. An Overview of the Farm Bill for Hemp
Banks Are Afraid to Work With the Cannabis Industry Many businesses turn to banks to secure the funding they need to open storefronts and purchase the products they want to sell. Unfortunately, the federal government still considers most cannabis products illegal even though 33 states and the District of Columbia have legalized medical or recreational
A couple of years ago, I was with my friend Adam Cohn when he made this simple yet important declaration — “San Francisco should always have a subway under construction.” My first reaction was to think of every possible objection to the concept — too expensive, too disruptive, too controversial, too many difficulties siting subway stations and determining alignments.
Archtober is accepting nominations for projects to be included in New York City’s month-long festival of architecture and design. Each day in October 2016, the event will feature a Building of the Day as a noon-time, architect-led tour. Building of the Day tours are the centerpiece of Archtober. With the goal of making exemplary architecture
L A M P (Lighting Architecture Movement Project) is calling for entries for its fourth annual international lighting design competition. The competition challenges designers to approach their light fixtures with the guidance of a singular word. This year’s theme is Cosmic. There are three categories for submission: student, emerging, and established designers. Submissions will open
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