Steve DeAngelo, Executive Director of Harborside Health Services, the world's largest marijuana dispensary.
Credit Harborside Health Services
Ross Reynolds speaks with Steve DeAngelo, executive director of Harborside Health Services, a medical marijuana dispensary in California, about what it's like to run a $30 million business mostly on cash.
Many marijuana business owners say they have bank accounts, but aren’t completely forthright with their bankers about the nature of their businesses. They claim to be in “consulting” or “medical research.” And they know they could lose those bank accounts suddenly, at any time, since federal law prohibits banks from holding any funds associated with illegal drugs.