• Free Investing e-Course
  • About
  • Advertise
  • Contact
  • Submit a Sponsored Post
Money Works Magazine
  • Life Sciences
  • Online Gaming
  • Real Estate
  • Download App
  • MORE
    • Technology
    • Personal Finance
    • Mining
DOWNLOAD YOUR COPY OF INVESTING IS FOR EVERYONE >
Money Works Magazine
  • Life Sciences
  • Online Gaming
  • Real Estate
  • Download App
  • MORE
    • Technology
    • Personal Finance
    • Mining
Money Works Magazine
Home Life Sciences

FBI investigating possible corruption in the U.S. cannabis industry

Money Works Magazine by Money Works Magazine
August 16, 2019
in Life Sciences
0
Federal bill provision would protect state-legal medical marijuana programs
Share on FacebookShare on Twitter


Published 5 mins ago | By John Schroyer


The FBI is looking into potential corruption in the burgeoning U.S. marijuana industry – particularly in Western  markets – and is seeking tips to investigate.

“As an increasing number of states change their marijuana legislation, the FBI is seeing a public corruption threat emerge in the expanding cannabis industry,” FBI spokeswoman Mollie Halpern said on a podcast released by the FBI on Thursday.

“States require licenses to grow and sell the drug – opening the possibility for public officials to become susceptible to bribes in exchange for those licenses.”

She asked listeners to contact local FBI field offices if they suspect either a dispensary is operating illegally or public corruption in the marijuana industry.

Supervisory Special Agent Regino Chavez added that the FBI has learned of some cannabis business licenses being sold for as much as $500,000, an indicator of how much of a corrupting influence license caps can have for the new market.

And FBI Intelligence Analyst David Kirschner said the issue won’t be disappearing anytime soon.

Several industry sources have separately confirmed to Marijuana Business Daily that they’ve spoken with FBI agents in recent years.

What they’ve often discussed is the possibility of corruption and pay-to-play situations in the awarding of business licenses.

Corruption has been an ongoing obstacle in California for many entrepreneurs.

For more on this story, click here.

John Schroyer can be reached at [email protected]


Categories: Cannabis Industry & Marijuana Business Briefs, Marijuana Dispensary & Cannabis Store News, United States Cannabis Industry & Marijuana Business News



Written by John Schroyer

Marijuana Business Daily

Source link

Tags: mjbizdaily

Recommended

FDA Holds First Public Hearing on Regulating CBD

McConnell Pushes FDA To Act On CBD Guidance

1 year ago
World Corporate Leadership Training Market Analysis and Forecasts 2020-2024 – Emergence of Gamification in Corporate Training Set to Boost Market Growth – ResearchAndMarkets.com

COVID-19 Impact and Recovery Analysis- Optical Coherence Tomography for Ophthalmology Market 2020-2024 | Increasing Incidences of Ocular Diseases to Boost Growth | Technavio

7 months ago
Facebook Twitter LinkedIn

MWM is your friendly source of knowledge on financial freedom via investment opportunities and financial planning to make your money work for you.

  • Submit a Sponsored Post
  • Contact
  • Privacy Policy

Get the latest financial tips and news.
Sign up today.

  • This field is for validation purposes and should be left unchanged.

© 2019 Money Works Magazine . All rights reserved.

  • Home
  • Life Sciences
  • Personal Finance
  • Online Gaming
  • Mining
  • Technology
  • How To Trade
  • Free e-Course
  • Money Works Magazine App

© 2019 Money Works Magazine . All rights reserved.