CMW Client Medical Marijuana, Inc. was included in Reuters coverage of banking woes in the cannabis industry:
“Most marijuana companies have a courier service, or a Brinks truck, or a big wheelbarrow full of cash that they send to the Internal Revenue Service to pay their taxes,” says Stuart Titus, CEO of California-based Medical Marijuana Inc (MJNA.PK).
With an estimated 165,000 to 230,000 full and part-time workers, according to Marijuana Business Daily, many marijuana business owners pay their employees in cash.
“It is basically a kind of underground, cash-based economy,” said Titus.
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