Cannabis: Cash Is King

Banks Wary of Marijuana-Fueled Accounts

Thu Jul 27, 2017 | 12:00am
A pound of cannabis from an indoor grow like this goes for as much as $2,000. But as more growers enter the industry, prices are expected to drop.
Paul Wellman

Four times a year, some Santa Barbara County cannabis growers drive to the IRS office in Camarillo with as much as $200,000 in cash stuffed in duffel bags.

That is just to pay taxes.

Utility bills? Cash. Thirty employees? Cash. Fuel? Cash.

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