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Pot: Residencies for ownership and investment

Washington and Colorado require anyone with a financial interest in a cannabis be a state resident. Oregon never included this requirement, likely due to the close business relationships with Californians. Alaska decided to allow out of state money, and Washington just recently changed their law to allow non-residents.

It’s given as a sure thing that a California initiative to legalize recreational cannabis will collect the signatures, pass the vote in November, and California will be fully legal in 2017. They allow outside money.

Colorado will likely change it’s rules as well. Putting restrictions on money when CA is about to become the largest market by far means severely restricting capital for a state’s businesses. Which generate an astonishing amount of tax revenue.

The rules sure change fast when the big money makes it’s appearance….

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