New cannabis dispensary in Panama City explains hurdles of managing revenue – WMBB –

PANAMA CITY, Fla. (WMBB)–Cannabis is a booming industry and now medical cardholders in Panama City will have access to a brand new dispensary, Curaleaf. But as the cannabis operator tells us, there are many hurdles when it comes to managing their revenue. According to Forbes Magazine, legal marijuana sales in North America are expected to top $20 billion by 2021. But still, cannabis dispensaries have limited access to banking. “In Florida alone, we spend tens of thousands of dollars moving cash around the state,” said Jon Faucher, Curaleaf’s Chief Operating Officer. Marijuana is still considered a schedule one narcotic, so […]